Hambright v.Cleveland National Bank
Hambright v.Cleveland National Bank
Opinion of the Court
delivered the opinion of the court.
This bill is filed to recover usury alleged to have been paid within the last sis years. A demurrer was filed, on the ground that the party could only sue for and recover under the 34th section of the National Banking Act as therein provided, and that National Banks were not subject to the regulations of the State on this subject. The Chancellor overruled the demurrer on these points, but sustained it on another, to-wit: that the defendant could not be called on to make a discovery that would espose it to penalties for violations of law. Both parties appealed.
We have heretofore held as ruled by the Chancellor on the first question and our court has taken jurisdiction of such question. See case of Steadman et als. v. Redfield & Co., September Term, 1874. The
This being a federal question over which the Supreme Court of the United States has jurisdiction, we are compelled to yield to the authority of that court, and do so — notwithstanding our previous holding to • the contrary.
The result is, that the decree of the Chancellor is reversed, the demurrer sustained on the ground stated, and bill dismissed at the cost of complainant, in this court and court below.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.