Legal Opinion
People Ex Rel. Hanover National Bank v. Goldfogle
New York Court of Appeals
Decided December 12, 1922PublishedCited by 15 opinions
1Opinion of the CourtPound, J.
Relator, a banking corporation organized under the National Bank Act of the United States, seeks to review an assessment of its capital stock for taxation for the year 1921, on the ground that taxation thereof by the state is at a greater rate than is assessed on.other moneyed capital in the hands of individuals. A national bank is an agency of the national- government. The state has no constitutional power to lay any tax upon it. Its shares of stock are taxable. by the state only when and as Congress permits. (McCulloch v. Maryland, 4 Wheat. 316; People ex rel. Bridgeport Sav. Bank v.…
2Cases cited15 opinions
- M'culloch v. State of MarylandSupreme Court of the United States · 1819
- United States v. GoldenbergSupreme Court of the United States · 1897
- Mercantile Bank v. New YorkSupreme Court of the United States · 1887
- People Ex Rel. Alpha Portland Cement Co. v. KnappNew York Court of Appeals · 1920
- Rodgers v. United StatesSupreme Court of the United States · 1902
10 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- People Ex Rel. Pratt v. GoldfogleNew York Court of Appeals · 1926
- Central National Bank v. City of LynnMassachusetts Supreme Judicial Court · 1927
- Roberts v. American National Bank of PensacolaSupreme Court of Florida · 1929
- First Nat. Bank v. Louisiana Tax CommissionSupreme Court of Louisiana · 1932
- First National Bank v. City of HartfordWisconsin Supreme Court · 1925
10 more not listed; retrieve them via the Exa API.