First Nat. Bank of Charlotte v. Morgan

This action was brought in the Superior Court of Cleveland County, North Carolina,, by the defendant in error against the plaintiff in error, a national banking association,, established at Charlotte, Mecklenburg County in that State. It was based upon the provision of the Revised Statutes of the United States authorizing any person, paying to any such association a greater rate of interest than, tbe law allows it knowingly to take, receive, reserve, or charge, to recover from it, in an action in the nature of an action of debt, twice the amount of the interest so paid. Rev. Stat. §§ 5197,…