Schallenberger v. First State Bank of Holstein

Supreme Court

Schallenberger v. First State Bank of Holstein

219 U.S. 114, 31 S. Ct. 189, 55 L. Ed. 117, 1911 U.S. LEXIS 1623

Supreme Court of the United States·Decided January 3, 1911·No. 445·Published·Cited by 44 cases

Opinion

Mr. Justice Holmes

delivered the opinion of the court.

This is a suit by many banks to prevent the Banking Board of Nebraska from carrying out and enforcing an act similar to the Oklahoma statute just passed upon. It forbids banking except by a corporation formed under the act and provides for a guaranty fund. The Circuit Court held the statute unconstitutional and issued an injunction against the enforcement of it. 172 Fed. Rep. 999. For the reasons given in the foregoing case the decree of the Circuit Court'must be reversed.

Decree reversed.

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Mr. Justice Holmes

delivered the opinion of the court.

This is a suit by many banks to prevent the Banking Board of Nebraska from carrying out and enforcing an act similar to the Oklahoma statute just passed upon. It forbids banking except by a corporation formed under the act and provides for a guaranty fund. The Circuit Court held the statute unconstitutional and issued an injunction against the enforcement of it. 172 Fed. Rep. 999. For the reasons given in the foregoing case the decree of the Circuit Court'must be reversed.

Decree reversed.

Schallenberger v. First State Bank of Holstein, 219 U.S. 114, 31 S. Ct. 189, 55 L. Ed. 117, 1911 U.S. LEXIS 1623 (1911).

Pincite

219 U.S. 114 (Schallenberger v. First State Bank of Holstein) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

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