Citizens' Central Nat. Bank of NY v. Appleton
Supreme Court of the United States
ERROR TO THE. SUPREME COURT OF THE STATE OF NEW YORK. The facts are stated in the opinion. ■ The rule, that corporations have no powers except those1, expressly conferred by law or incidental to the exercise of their express powers, is , peculiarly applicable to banks. Logan C-Qunty Bank v. Townsend, 139 TL S. 67; California Bank v. Kennedy, 167 U..
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ERROR TO THE. SUPREME COURT OF THE STATE OF NEW YORK. The facts are stated in the opinion. ■ The rule, that corporations have no powers except those1, expressly conferred by law or incidental to the exercise of their express powers, is , peculiarly applicable to banks. Logan C-Qunty Bank v. Townsend, 139 TL S. 67; California Bank v. Kennedy, 167 U.. S. 362, 36.6. Unusüal safeguards are thrown about these institutions, not merely for the protection of those dealing with them but also for the benefit of the general public, and even of the governments under which they exist; In the statutes…
1Opinion of the CourtJustice Harlan
This action was commenced in the Supreme Court of New. ■ York by the Receiver of the Cooper Exchange Bank, a New York corporation, against the Citizens' Central National Bank of New York, a national bank corporation formed by the consolidation (Rev. Stat., §§ 5220 and 5221) of the Central National Bank of the city of New York with the National Citizens’ Bank of the same city. The action was dismissed on demurrer to the complaint, and that judgment was affirmed in the Appellate Division. 116 App, Div. 404. But on appeal to the highest court of New York the judgment was reversed, 190 N. Y. 417,…
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- Parkersburg v. BrownSupreme Court of the United States · 1883
- Marsh v. Fulton CountySupreme Court of the United States · 1871
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