Van Reed v. People's National Bank of Lebanon

Citations

• 198 U.S. 554
• 25 S. Ct. 775
• 49 L. Ed. 1161
• 1905 U.S. LEXIS 1087

Syllabus

<p>National, banks are gwasi-public institutions, and for the purpose for which they are instituted are national in their character, and, within constitutional limits, are subject to control of Congress, and not to be interfered with by state legislative or judicial action, except so far as Congress permits.</p> <p>Under § 5242 Rev. Stat. a fiationál bank, whether solvent' or insolvent, is exempt from process of attachment before judgment in any suit, action or proceeding in any State, county or municipal court, Pacific National Bank v. Mixler, 124 U. S. 721, nor can a state court acquire jurisdiction over a national bank situated in another State by the process of attaching property within its jurisdiction under § 4 of the act of July 12, 1882.</p>