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Metropolitan Life Ins. Co. v. New Orleans, 205 U.S. 395 (1907)
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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.
Metropolitan Life Ins. Co. v. New Orleans, 205 U.S. 395 (1907)
Metropolitan Life Insurance Company of New York v. City of New Orleans No. 199 Argued January 31, 1907 Decided April 8, 1907 205 U.S. 395
ERROR TO THE SUPREME COURT
OF THE STATE OF LOUISIANA
Syllabus
Neither the fiction that personal property follows the domicil of the owner nor the doctrine that credits evidenced by notes have the situs of the latter can be allowed to obscure the truth, and personal property may be taxed at its permanent abiding place although the domicil of the owner is elsewhere.
Where a nonresident enters into the business of loaning money within a state and employs a local agent to conduct the business, the state may tax the capital employed precisely as it taxes the capital of its own citizens in like situation, and may assess the credits arising out of the business, and the foreigner cannot escape taxation upon his capital by temporarily removing from the state the evidences of credits which, under such circumstances, have a taxable situs in the their origin. Loans made by a New York life insurance company on its own policies in Louisiana are taxable in that state although the notes may be temporarily sent to the home office.
115 La. 698 affirmed.
The facts are stated in the opinion.
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Chicago:
U.S. Supreme Court, "Syllabus," Metropolitan Life Ins. Co. v. New Orleans, 205 U.S. 395 (1907) in 205 U.S. 395 205 U.S. 397. Original Sources, accessed July 1, 2025, http://www.originalsources.com/Document.aspx?DocID=HFA6HQAA1DVCSP9.
MLA:
U.S. Supreme Court. "Syllabus." Metropolitan Life Ins. Co. v. New Orleans, 205 U.S. 395 (1907), in 205 U.S. 395, page 205 U.S. 397. Original Sources. 1 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=HFA6HQAA1DVCSP9.
Harvard:
U.S. Supreme Court, 'Syllabus' in Metropolitan Life Ins. Co. v. New Orleans, 205 U.S. 395 (1907). cited in 1907, 205 U.S. 395, pp.205 U.S. 397. Original Sources, retrieved 1 July 2025, from http://www.originalsources.com/Document.aspx?DocID=HFA6HQAA1DVCSP9.
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