Doty v. Love
Supreme Court of the United States
1Opinion of the CourtJustice Carduzo
A statute of Mississippi, adopted in 1932, permits the reopening of closed banks upon terms proposed by three-fourths of the creditors in number or in value if the plan is approved by the Superintendent of Banks and confirmed by the Court of Chancery. A bank has been reopened in accordance with this statute. The question is whether contractual rights have been impaired or rights of property annulled in contravention of the provisions of the Constitution of the United States.
The People’s Bank & Trust Company of Tupelo, Mississippi, closed its doors on December 24, 1930. In accordance with the…
2Cases cited15 opinions
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