McCormick v. Market Bank
Supreme Court of the United States
ERROR TO Til H SUPREME COURT OF TIIE STATE OF ILLINOIS. This was an action brought July 17, 1895, by McCormick against the Market National Bank of Chicago, Illinois, in the superior court of Cook county in the State of Illinois, and was submitted by the parties, waiving a trial by jury, to that court, upon an agreed statement of facts, in substance as follows: . On January 31, 1893, articles of association were signed, and an organization certificate was signed and…
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ERROR TO Til H SUPREME COURT OF TIIE STATE OF ILLINOIS. This was an action brought July 17, 1895, by McCormick against the Market National Bank of Chicago, Illinois, in the superior court of Cook county in the State of Illinois, and was submitted by the parties, waiving a trial by jury, to that court, upon an agreed statement of facts, in substance as follows: . On January 31, 1893, articles of association were signed, and an organization certificate was signed and acknowledged, by nine citizens of Illinois, before a notary public,.and both were transmitted *to. the Comptroller of the…
1Opinion of the CourtJustice Gray
By the National Bank Act, a national banking association, “ upon duly making and filing articles of association, and an organization certificate,” with the Comptroller of the Currency, “ shall become, as from the date of the execution of its organization certificate, a body corporate, and as such, and in ■the name designated in the organization certificate, shall have power,” “ to adopt and use a corporate seal,” “ to have succession for the period of twenty years from its organization,” “ to make contracts,!’ “ to sue and be sued, "as fully as natural persons,” to elect and dismiss officers,…
2Cases cited24 opinions
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- Neal v. ClarkSupreme Court of the United States · 1878
- National Bank v. MatthewsSupreme Court of the United States · 1879
- Thomas v. Railroad Co.Supreme Court of the United States · 1880
- Casey v. GalliSupreme Court of the United States · 1877
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- Texas & Pacific Railway Co. v. PottorffSupreme Court of the United States · 1934
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