Bank of Oxford v. Love

Citations

• 250 U.S. 603
• 40 S. Ct. 22
• 63 L. Ed. 1165
• 1919 U.S. LEXIS 1782

Syllabus

<p>A provision in the special charter of a state bank that its business shall be confided to and controlled by its stockholders under such rules as it may adopt, not in conflict with the Constitution of the United States or of the State, is not inconsistent with the exercise of the general power of the State to cause the affairs of such bank to be examined and reported on by state officials and to exact a reasonable annual assessment (l/40 of 1 per cent, of the total assets) for the maintenance of the state banking department; and a general law, so operating, does not impair the contract obligation of such special charter. P. 606.</p>