Cleveland Trust Co. v. Lander
Supreme Court of the United States
ERROR TO THE SUPREME COURT OP THE STATE OP OHIO. This is a writ of error, to review the judgment of the Supreme Court of the State of Ohio, which sustained the ruling of the Court of Common Pleas of Cuyahoga County, dismissing upon the demurrer of the defendant in error the petition of the plaintiff in error praying for an order and decree restraining the collection of taxes levied upon the shares'of the stockholders of plaintiff in error. 62 Ohio, 266. The plaintiff…
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ERROR TO THE SUPREME COURT OP THE STATE OP OHIO. This is a writ of error, to review the judgment of the Supreme Court of the State of Ohio, which sustained the ruling of the Court of Common Pleas of Cuyahoga County, dismissing upon the demurrer of the defendant in error the petition of the plaintiff in error praying for an order and decree restraining the collection of taxes levied upon the shares'of the stockholders of plaintiff in error. 62 Ohio, 266. The plaintiff (plaintiff in error was plaintiff in the court below) is a banking corporation with a capital stock of $500,000, divided into…
1Opinion of the CourtJustice McKenna
The argument of the plaintiff in error claims a greater immunity from taxation for the shares of the Trust Company than section 5219 of the Revised Statutes of the United States gives to shares in national banks. That section permits the States to assess and tax the shares of shareholders in national banks, with the limitations only “ that the taxation shall not be at any greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such State ; ” and that the shares of non-residents “ shall be taxed in the city or town where the bank is located, and not…
2Cases cited1 opinion
- Van Allen v. AssessorsSupreme Court of the United States · 1866
3Cited by38 opinions
- American Bank & Trust Co. v. Dallas CountySupreme Court of the United States · 1983
- Home Savings Bank v. City of Des MoinesSupreme Court of the United States · 1907
- Society for Sav. in Cleveland v. BowersSupreme Court of the United States · 1955
- Schuylkill Trust Co. v. PennsylvaniaSupreme Court of the United States · 1935
- Schuylkill Trust Co. v. PennsylvaniaSupreme Court of the United States · 1938
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