Stockholders of Peoples Banking Co. v. Sterling
Supreme Court of the United States
1Opinion of the CourtJustice Cardozo
Stockholders in banking corporations, charged with personal liability, contend that a statute of Maryland defining the form of liability and its measure offends against the Constitution of the .United States by impairing the obligation of contracts previously made.
In No. 298, the liability in controversy is that of stockholders in the Peoples Banking Company of Smithsburg, which was incorporated under the laws of Maryland, January 24, 1910, and closed its doors June 29, 1931. The Bank Commissioner of the state, after being appointed receiver, filed a petition with a Circuit Court in Maryland…
2Cases cited30 opinions
- Great Northern Railway Co. v. Sunburst Oil & Refining Co.Supreme Court of the United States · 1932
- New York Ex Rel. Hatch v. ReardonSupreme Court of the United States · 1907
- Brinkerhoff-Faris Trust & Savings Co. v. HillSupreme Court of the United States · 1930
- Bernheimer v. ConverseSupreme Court of the United States · 1907
- Coombes v. GetzSupreme Court of the United States · 1932
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3Cited by35 opinions
- Allied Structural Steel Co. v. SpannausSupreme Court of the United States · 1978
- Veix v. Sixth Ward Building & Loan Assn. of NewarkSupreme Court of the United States · 1940
- Hale v. State Bd. of Assessment and ReviewSupreme Court of the United States · 1937
- Wilgard Realty Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1942
- Martin v. WolfsonSupreme Court of Minnesota · 1944
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