|
|
Union National Bank v. McBoyle, 243 U.S. 26 (1917)
Contents:
Show Summary
Hide Summary
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.
Union National Bank v. McBoyle, 243 U.S. 26 (1917)
Union National Bank v. McBoyle No. 164 Argued January 24, 25, 1917 Decided March 6, 1917 243 U.S. 26
ERROR TO THE SUPREME COURT
OF THE STATE OF CALIFORNIA
Syllabus
The board of directors of a national bank have power under the National Bank Act to clothe the cashier with authority to sell corporate shares which have been acquired by the bank as the result of a loan made upon the shares as security.
Whether the rules adopted by the board of directors of a national bank to govern its business do or do not empower the cashier to sell corporate shares which the bank has acquired as the result of loans upon them as collateral is a question involving the interpretation of the rules as applied to the circumstances of the transaction, and not a question concerning the meaning of the National Bank Act upon which this Court may assume jurisdiction to review a state court’s judgment.
Writ of error to review 168 Cal. 263 dismissed.
The case is stated in the opinion.
Contents:
Chicago:
U.S. Supreme Court, "Syllabus," Union National Bank v. McBoyle, 243 U.S. 26 (1917) in 243 U.S. 26 Original Sources, accessed July 15, 2025, http://www.originalsources.com/Document.aspx?DocID=SNQEN1YD45RSFN9.
MLA:
U.S. Supreme Court. "Syllabus." Union National Bank v. McBoyle, 243 U.S. 26 (1917), in 243 U.S. 26, Original Sources. 15 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=SNQEN1YD45RSFN9.
Harvard:
U.S. Supreme Court, 'Syllabus' in Union National Bank v. McBoyle, 243 U.S. 26 (1917). cited in 1917, 243 U.S. 26. Original Sources, retrieved 15 July 2025, from http://www.originalsources.com/Document.aspx?DocID=SNQEN1YD45RSFN9.
|