Legal Opinion
Public Nat. Bank of New York v. Keating
District Court, S.D. New York
Decided January 22, 1930PublishedCited by 2 opinions
1Opinion of the Court
BONDY, District Judge.
This suit was brought to enjoin the collection of the taxes for 1926 upon shareholders of the plaintiff under the Tax Law of the State of New York (Consol. Laws, e. 60) on the ground that they were levied in violation of section 5219 of the United States Revised Statutes (12 USCA § 548), which authorizes the taxation of shares of national bank associations by the states, provided that the tax imposed is not at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of the state, coming into competition with the business of national…
2Cases cited14 opinions
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- Minnesota v. First National Bank of St. PaulSupreme Court of the United States · 1927
- People Ex Rel. Pratt v. GoldfogleNew York Court of Appeals · 1926
- Georgetown National Bank v. McFarlandSupreme Court of the United States · 1927
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3Cited by2 opinions
- Ward v. First Nat. Bank of HartfordSupreme Court of Alabama · 1932
- Boise City Nat. Bank v. Ada CountyDistrict Court, D. Idaho · 1931