United States Sayings & Loan Co. v. Convent of St. Rose
Court of Appeals for the Ninth Circuit
Appeal from the Circuit Court of the United States for the Western Division of the District of Washington.
1Dissent
GILBERT, Circuit Judge (dissenting).
The appellee was a benevolent corporation, formed for the establishment and maintenance of a hospital.for the care and treatment of the sick and injured, and the maintenance of a school for educational purposes, with the powers necessary to carry out those purposes. It is not disputed that under the laws of the state of Washington a corporation is not permitted to subscribe for or hold stock in another corporation. This was first held in Denny Hotel Co. v. Schram, 6 Wash. 134, 32 Pac. 1002, 36 Am. St. Rep. 130. In Parsons v. Tacoma Smelting & Refining Co.,…
2Cases cited18 opinions
- Central Transportation Co. v. Pullman's Palace Car Co.Supreme Court of the United States · 1891
- California Bank v. KennedySupreme Court of the United States · 1897
- Pullman's Palace Car Co. v. Central Transportation Co.Supreme Court of the United States · 1898
- Carroll County v. SmithSupreme Court of the United States · 1884
- McCormick v. Market BankSupreme Court of the United States · 1897
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