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Christopher v. Norvell, 201 U.S. 216 (1906)
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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.
Christopher v. Norvell, 201 U.S. 216 (1906)
Christopher v. Norvell No. 211 Submitted March 9, 1906 Decided April 2, 1906 201 U.S. 216
ERROR TO THE UNITED STATES CIRCUIT
COURT OF APPEALS FOR THE FIFTH CIRCUIT
Syllabus
Although in a limited sense there is an element of contract in becoming a shareholder of a national bank, the liability for debts of the institution is not contractual, but is based on the provisions to that effect in the national banking law. The government creating the bank has prescribed the terms upon which ownership of its shares can be acquired, and only those are exempted from liability who are specially described in the statute; nor can any shareholders be exempted from such liability by a state statute.
Under § 5151, Rev.Stat., a married woman residing in Florida, who has inherited stock in a national bank which has been transferred to her and on which she has received and accepted dividends, is subject to a personal judgment for an assessment of the comptroller, notwithstanding that, under the laws of Florida a married woman cannot enter into a contract.
Nothing in the law of Florida incapacitates a married woman in that state from becoming the owner, by bequest or otherwise, of stock in a national bank. How and from what property such a judgment shall be satisfied not involved or decided in this action.
The facts, which involve the right of a receiver of a national bank in Florida to enforce the statutory liability under § 5151, Rev.Stat., against a married woman, a resident of that state and owner of record of shares of stock of the bank, are stated in the opinion.
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Chicago: U.S. Supreme Court, "Syllabus," Christopher v. Norvell, 201 U.S. 216 (1906) in 201 U.S. 216 201 U.S. 221. Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=6IVTZ5741HGS2X1.
MLA: U.S. Supreme Court. "Syllabus." Christopher v. Norvell, 201 U.S. 216 (1906), in 201 U.S. 216, page 201 U.S. 221. Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=6IVTZ5741HGS2X1.
Harvard: U.S. Supreme Court, 'Syllabus' in Christopher v. Norvell, 201 U.S. 216 (1906). cited in 1906, 201 U.S. 216, pp.201 U.S. 221. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=6IVTZ5741HGS2X1.
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