Abilene National Bank v. Dolley - 228 U.S. 1 (1913)
U.S. Supreme Court
Abilene National Bank v. Dolley, 228 U.S. 1 (1913)
Abilene National Bank v. Dolley
Submitted March 5, 1913
Decided March 17, 1913
228 U.S. 1
The Kansas Bank Depositors' Guaranty Act is not unconstitutional as against national banks either because it discriminate against them in favor of state banks, impairs the obligation of exiting contracts, or deprives them of their property without due process of law.
The statutes of the United States, where they do not prohibit competition with national banks, do not forbid competitors to succeed.
Contracts made after a law is in force are made subject to it, and impose only such obligations and create only such property as the law permits.
The constitutionality of this statute has already been upheld as to state banks in Assaria State Bank v. Dolley, 219 U. S. 121.
179 F. 461 affirmed.
The facts, which involve the constitutionality of the Kansas Bank Depositors' Guaranty Act, are stated in the opinion.