Daingerfield Nat. Bank v. Ragland - 181 U.S. 45 (1901)
U.S. Supreme Court
Daingerfield Nat. Bank v. Ragland, 181 U.S. 45 (1901)
Daingerfield National. Bank v. Ragland
Submitted March 18, 1901
Decided April 8, 1901
181 U.S. 45
Brown v. Marion National Bank, 169 U. S. 416, followed on the point that
"if an obligee actually pays usurious interest as such, the usurious transaction must be held to have occurred then, and not before, and he must sue within two years thereafter."
The case is stated in the opinion of the Court.