Pittsburg Life & Trust Co. v. Young
Supreme Court of North Carolina
Civil actioN tried before Bond, J., at July Term, 1916, of Wake. Tbe suit was brought to recover certain license taxes which had been paid by the plaintiff, under protest, to the defendant for the privilege of carrying on its business in this State, and was heard upon demurrer to the complaint, which, in substance, is as follows: The plaintiff, complaining, alleges: 1. That it is a corporation duly created, organized, and existing under and by virtue of the laws of the State…
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Civil actioN tried before Bond, J., at July Term, 1916, of Wake. Tbe suit was brought to recover certain license taxes which had been paid by the plaintiff, under protest, to the defendant for the privilege of carrying on its business in this State, and was heard upon demurrer to the complaint, which, in substance, is as follows: The plaintiff, complaining, alleges: 1. That it is a corporation duly created, organized, and existing under and by virtue of the laws of the State of Pennsylvania,- having its principal office and place of business in the city of Pittsburg, where it is conducting,…
1Opinion of the Court
Walker, J.,
after stating the case: The right of a State to lay a tax' on a foreign corporation, or to impose other burdens as a condition of its entering its borders for the purpose of conducting its business or a part of it there is well established by the authorities. No State is bound, except as a matter of comity, to recognize corporations created by other States or to permit them to transact business within its limits; and therefore each State may impose such conditions and burdens, in respect to taxation, as it may choose, upon foreign corporations desiring to establish business within…
2Cases cited10 opinions
- Flint v. Stone Tracy Co.Supreme Court of the United States · 1911
- Connecticut Mutual Life Insurance v. SpratleySupreme Court of the United States · 1899
- Pacific Express Co. v. SeibertSupreme Court of the United States · 1892
- Pennsylvania Lumbermen's Mutual Fire Insurance v. MeyerSupreme Court of the United States · 1905
- Equitable Life Assurance Soc. of United States v. PennsylvaniaSupreme Court of the United States · 1915
5 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- State v. ShookSupreme Court of North Carolina · 1977
- Continental Insurance v. SmrhaNebraska Supreme Court · 1936
- Valentine v. . Gill, Comr. of RevenueSupreme Court of North Carolina · 1943
- Great Northern Life Ins. v. ReadCourt of Appeals for the Tenth Circuit · 1943
- Ex Parte ReesSupreme Court of North Carolina · 1920
2 more not listed; retrieve them via the Exa API.