Legal Opinion
Lanes v. Hackley Union National Bank & Trust Co.
Court of Appeals for the Sixth Circuit
Decided July 18, 1972No. 71-1987PublishedCited by 3 opinions
1Opinion of the Court
CARL B. RUBIN, District Judge.
Sections 85 and 86 of the National Bank Act, 12 U.S.C.A., §§ 85 and 86,1 prescribe the rates of interest that may be charged by national banking associations and declare that the receiving of a rate of interest greater than that allowed, when knowingly done, shall give rise to a statutory proceeding for double that amount of interest.
Appellants herein, Northway Lanes, a co-partnership consisting of Ralph Kuris and Bessie Shull, and Marshull, Inc., the successor corporation, brought this action under section 86 in the United States District Court for the Western…
2Cases cited17 opinions
- Udall v. TallmanSupreme Court of the United States · 1965
- Unemployment Compensation Comm'n of Alaska v. AragonSupreme Court of the United States · 1946
- Federal Housing Administration v. Darlington, Inc.Supreme Court of the United States · 1959
- Fleckner v. President of the Bank of the United StatesSupreme Court of the United States · 1823
- Tiffany v. National Bank of Mo.Supreme Court of the United States · 1874
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3Cited by3 opinions
- Northway Lanes v. Hackley Union National Bank And Trust CompanyCourt of Appeals for the Sixth Circuit · 1972
- Fred Fisher v. The First National Bank of ChicagoCourt of Appeals for the First Circuit · 1976
- FIRST NATIONAL BANK IN MENA v. NowlinDistrict Court, E.D. Arkansas · 1974