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McNair v. Knott, 302 U.S. 369 (1937)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
McNair v. Knott, 302 U.S. 369 (1937)
McNair v. Knott No. 32 Argued November 10, 11, 1937 Decided December 13, 1937 302 U.S. 369
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE FIFTH CIRCUIT
Syllabus
1. The Enabling Amendment of June 25, 1930, provides that any National Bank Association
may, upon the deposit with it of public money of a State or any political subdivision thereof, give security for the safekeeping and prompt payment of the money on deposited, of the same kind as is authorized by the law of the State in which such association is located in the case of other banking institutions in the State.
Held applicable by intention to security given and deposits made before the date of the amendment. P. 371.
2. Thus, construed retroactively, the amendment was within the power of Congress. P. 372.
87 F.2d 817 affirmed.
Certiorari, 301 U.S. 677, to review the affirmance of a decree dismissing a bill by the receiver of a national bank praying for the cancellation of a pledge agreement made by the bank.
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Chicago: U.S. Supreme Court, "Syllabus," McNair v. Knott, 302 U.S. 369 (1937) in 302 U.S. 369 Original Sources, accessed June 2, 2024, http://www.originalsources.com/Document.aspx?DocID=KPLQYJL9MXTESNF.
MLA: U.S. Supreme Court. "Syllabus." McNair v. Knott, 302 U.S. 369 (1937), in 302 U.S. 369, Original Sources. 2 Jun. 2024. http://www.originalsources.com/Document.aspx?DocID=KPLQYJL9MXTESNF.
Harvard: U.S. Supreme Court, 'Syllabus' in McNair v. Knott, 302 U.S. 369 (1937). cited in 1937, 302 U.S. 369. Original Sources, retrieved 2 June 2024, from http://www.originalsources.com/Document.aspx?DocID=KPLQYJL9MXTESNF.
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