Bank of Oxford v. Love,
250 U.S. 603 (1919)

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U.S. Supreme Court

Bank of Oxford v. Love, 250 U.S. 603 (1919)

Bank of Oxford v. Love

No. 9

Submitted March 27, 1918

Restored to docket for oral argument April 22, 1918

Argued October 10, 1919

Decided November 10, 1919

250 U.S. 603


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

Page 250 U. S. 604

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 official and to exact a reasonable annual assessment (1/40 of 1 percent 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. 250 U. S. 606.

111 Miss. 699 affirmed.

The case is stated in the opinion.

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