Legal Opinion
United States National Bank v. Independent Insurance Agents of America, Inc.
Supreme Court of the United States
Decided June 7, 1993No. 92-484PublishedCited by 1,129 opinions
1Opinion of the CourtJustice Souter
The Comptroller of the Currency recently relied on a statutory provision enacted in 1916 to permit national banks located in small communities to sell insurance to customers outside those communities. These cases present the unlikely question whether Congress repealed that provision in 1918. We hold that no repeal occurred.
I
Almost 80 years ago, Congress authorized any national bank “doing business in any place the population of which does not exceed five thousand inhabitants ... [to] act as the agent for any fire, life, or other insurance company.” Act of Sept. 7, 1916, 39 Stat. 753. In the…
2Cases cited34 opinions
- Flast v. CohenSupreme Court of the United States · 1968
- Cohens v. VirginiaSupreme Court of the United States · 1821
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- Griffin v. Oceanic Contractors, Inc.Supreme Court of the United States · 1982
- Preiser v. NewkirkSupreme Court of the United States · 1975
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3Cited by1,129 opinions
- United States v. DixonSupreme Court of the United States · 1993
- Mark Mitchell v. Martin F. HornCourt of Appeals for the Third Circuit · 2003
- Sessions v. DimayaSupreme Court of the United States · 2018
- Sundstrand Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1994
- Lebron v. National Railroad Passenger CorporationSupreme Court of the United States · 1995
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