National State Bank v. Pierce

U.S. Circuit Court for the District of Eastern Pennsylvania

National State Bank v. Pierce

17 F. Cas. 1238, 24 Int. Rev. Rec. 212, 18 Alb. Law J. 16, 1878 U.S. App. LEXIS 1947

CourtU.S. Circuit Court for the District of Eastern Pennsylvania

DecidedApril 23, 1878

StatusPublished

Cited by1 cases

This text of 17 F. Cas. 1238 (National State Bank v. Pierce) is published on Counsel Stack Legal Research, covering U.S. Circuit Court for the District of Eastern Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

National State Bank v. Pierce, 17 F. Cas. 1238, 24 Int. Rev. Rec. 212, 18 Alb. Law J. 16, 1878 U.S. App. LEXIS 1947 (circtedpa 1878).

Pincite

Opinion

CADWALADER, District Judge.

It is a criminal offense to carry on banking business in the way suggested in Pennsylvania without a license obtained in a particular manner, but that does not make the offender a bank located in Pennsylvania. This is not an assessment upon a stockholder as such, but upon the bank.

MeKENNAN, Circuit Judge

(CADWALA-DER, District Judge, concurring). We have decided, after full discussion, that even when a corporation carries on business in a state, it does not thereby become an inhabitant of it, and we cannot go farther and say that by-similar conduct a corporation becomes' located therein.

Injunction granted.

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