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Otis v. Parker, 187 U.S. 606 (1903)
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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.
Otis v. Parker, 187 U.S. 606 (1903)
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Otis v. Parker No. 4 Argued December 11-12, 1902 Decided January 6, 1903 187 U.S. 606
ERROR TO THE SUPREME COURT
OF THE STATE OF CALIFORNIA
Syllabus
The provision in article IV, section 26 of the Constitution of California, providing that
all contracts for the sales of shares of the capital stock of any corporation or association on margin, or to be delivered at a future day, shall be void, and any money paid on such contracts may be recovered by the party paying it by suit in any court of competent jurisdiction,
is not contrary to the first section of the Fourteenth Amendment of the Constitution of the United States so far as it relates to sales on margins.
The case is stated in the opinion of the Court.
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Chicago:
U.S. Supreme Court, "Syllabus," Otis v. Parker, 187 U.S. 606 (1903) in 187 U.S. 606 Original Sources, accessed July 3, 2025, http://www.originalsources.com/Document.aspx?DocID=AP3H9SWGIRS66FH.
MLA:
U.S. Supreme Court. "Syllabus." Otis v. Parker, 187 U.S. 606 (1903), in 187 U.S. 606, Original Sources. 3 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=AP3H9SWGIRS66FH.
Harvard:
U.S. Supreme Court, 'Syllabus' in Otis v. Parker, 187 U.S. 606 (1903). cited in 1903, 187 U.S. 606. Original Sources, retrieved 3 July 2025, from http://www.originalsources.com/Document.aspx?DocID=AP3H9SWGIRS66FH.
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