Colorado Nat’l Bank of Denver v. Bedford, 310 U.S. 41 (1940)
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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.
Colorado Nat’l Bank of Denver v. Bedford, 310 U.S. 41 (1940)
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Colorado National Bank of Denver v. Bedford No. 719 Argued April 2, 3, 1940 Decided April 22, 1940 310 U.S. 41
APPEAL FROM THE SUPREME COURT OF COLORADO
Syllabus
1. This case is appealable under Jud.Code § 237(a), because a state statute affecting national banks was upheld by a state court over the objection of conflict with the federal law and Constitution. P. 47.
2. National banks are authorized to conduct a safe deposit business. Pp. 49-50.
3. In the absence of contrary legislation by Congress, a state law laying a percentage tax on the users of the safety deposit service of banks measured by the banks’ charges for the services, and requiring the banks to collect the taxes, account for them to the State and include them in their bills for the services, but allowing them credit on future taxes for taxes paid on accounts eventually found worthless held valid as applied to a national bank. P. 52.
4. Requiring a national bank to collect and remit the tax does not impose an unconstitutional burden on a federal instrumentality. P. 53.
105 Colo. 373, 98 P.2d 1120, affirmed.
Appeal from the affirmance of a declaratory judgment entered in a suit by Bedford, Treasurer, against the Bank.
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Chicago: U.S. Supreme Court, "Syllabus," Colorado Nat’l Bank of Denver v. Bedford, 310 U.S. 41 (1940) in 310 U.S. 41 310 U.S. 42–310 U.S. 43. Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=4E1XZSBDTYKBFGX.
MLA: U.S. Supreme Court. "Syllabus." Colorado Nat’l Bank of Denver v. Bedford, 310 U.S. 41 (1940), in 310 U.S. 41, pp. 310 U.S. 42–310 U.S. 43. Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=4E1XZSBDTYKBFGX.
Harvard: U.S. Supreme Court, 'Syllabus' in Colorado Nat’l Bank of Denver v. Bedford, 310 U.S. 41 (1940). cited in 1940, 310 U.S. 41, pp.310 U.S. 42–310 U.S. 43. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=4E1XZSBDTYKBFGX.
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