Campose v. Central Cambalache, Inc.

The only substantial question presented by these appeals having even a savor of federal law is whether violation of the restrictions upon corporate ownership and control of land originally enacted by § 3 of the Joint Resolution of May 1, 1900, 31 Stat. 715, 716, and later embodied in § 39 of the Organic Act of March 2, 1917, 39 Stat. 951, 964, 48 U.S.C.A. § 752, — the so called “500 Acre Law” — gives rise to an action by a grantor against a corporation for annulment of the latter’s title to land conveyed to and held by it in excess of the limitations imposed. Upon analysis, however, this is…