Rankin v. BartonAnnotate this Case
199 U.S. 228 (1905)
U.S. Supreme Court
Rankin v. Barton, 199 U.S. 228 (1905)
Rankin v. Barton
Submitted October 17, 1905
Decided November 13, 1905
199 U.S. 228
A national bank is an instrumentality of the United States, the administration whereof is vested in the Comptroller of the Currency, who, in case of insolvency, appoints the receiver and directs his acts. The liability for assessment on the stock dates from the order of the, Comptroller who decides when it is necessary to institute proceedings therefor, and his determination is conclusive. This power is derived from a statute of the United States, and cannot be controlled or limited by state statutes.
Where the state court has held that a suit to collect assessment by the receiver of a national bank under directions of the Comptroller of the Currency is barred by a state statute of limitations, a federal question is involved, and the writ of error will not be dismissed.
The facts are stated in the opinion.
Official Supreme Court caselaw is only found in the print version of the United States Reports. Justia caselaw is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.