Bullard v. Bank
Supreme Court of the United States
On certificate of division in opinion between the judges of the Circuit Court for the District of Massachusetts; the case being thus: Congress in February, 1863, passed an act authorizing voluntary associations for the purpose of banking; the act by which a system of National banks was established.* The eleventh and twelfth sections of the act gave to these associations power to make by-laws, not inconsistent with the provisions of the act for the management of their…
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On certificate of division in opinion between the judges of the Circuit Court for the District of Massachusetts; the case being thus: Congress in February, 1863, passed an act authorizing voluntary associations for the purpose of banking; the act by which a system of National banks was established.* The eleventh and twelfth sections of the act gave to these associations power to make by-laws, not inconsistent with the provisions of the act for the management of their property, the regulation of their affairs, and for the transfer of their stock. The thirty-sixth section enacted : “No…
1Opinion of the CourtJustice Strong
The extent of the'powers of National banking associations is to be measured by the act of Congress under which such associations are organized. The fifth section of that act enacts that the articles of association “ shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with the provisions of this act, which the association may see fit to adopt for the regulation of the business of the association and the conduct of its affairs.” And the eighth section of the same act empowers the board of directors “to define and…
2Cited by32 opinions
- First National Bank in St. Louis v. MissouriSupreme Court of the United States · 1924
- Brinkerhoff-Farris Trust & Savings Co. v. Home Lumber Co.Supreme Court of Missouri · 1893
- Driscoll v. . West Bradley C.M. Co.New York Court of Appeals · 1874
- Feckheimer v. National Exchange BankSupreme Court of Virginia · 1884
- STATE BY FURMAN v. Jefferson Lake Sulphur Co.Supreme Court of New Jersey · 1962
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