BUSHNELL V. LELAND, 164 U. S. 684 (1897)

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U.S. Supreme Court

Bushnell v. Leland, 164 U.S. 684 (1897)

Bushnell v. Leland

No. 497

Argued December 14-15, 1896

Decided January 4, 1897

164 U.S. 684


It has been repeatedly settled by this Court that the Comptroller of the Currency has power to appoint a receiver to a defaulting or insolvent national bank, and to call for a ratable assessment upon the stockholders of such bank, without a previous judicial ascertainment of the necessity for such action, and the contention that there is presented in this case a constitutional question not considered in the prior cases is an assumption with no foundation in fact.

The case is stated in the opinion.

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