New Hampshire Bankers Ass'n v. Nelson
Opinion of the Court
Appellants, national and state banks and a bankers’ association, challenge that part of New Hampshire Revised Statutes Annotated, Chapter 390:13 which prohibits any bank from advertising or circularizing the fact that it is authorized to act as an executor. The national banks and the association rely principally on the ground that the New Hampshire statute is repugnant to 12 U.S.C. § 92a, which authorizes national banks to act as executors under certain circumstances. Additionally, all of the appellants assert due process and equal protection claims. We affirm on the basis of the thoughtful opinion below, 336 F.Supp. 1330 (D.N.H. 1972), but add a brief comment as to the claimed repugnancy.
Appellants’ reliance on Franklin National Bank of Franklin Square v. New York, 347 U.S. 373, 74 S.Ct. 550, 98 L.Ed. 767 (1954), is misplaced. The grant of federal authority there at issue, the power to receive savings deposits, 12 U.S.C. § 24, Seventh, made no reference to state law, a circumstance which the Court emphasized by contrasting it with several other sections making explicit reference to state law. 347 U.S. at 378 & n. 7, 74 S.Ct. 550. See also First National Bank in Plant City, Fla. v. Dickinson, 396 U.S. 122, 90 S.Ct. 337, 24 L.Ed.2d 312 (1969); First National Bank of
The judgment is affirmed.
Reference
- Full Case Name
- NEW HAMPSHIRE BANKERS ASSOCIATION v. James W. NELSON, Bank Commissioner For the State of New Hampshire, and Warren B. Rudman, Attorney General For the State of New Hampshire
- Cited By
- 3 cases
- Status
- Published