Rawlings v. Ray

Supreme Court of the United States · Decided 1941-02-03

Cited by 174 later decision(s) in our corpus · see the citation network in Lexace

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Mr. Chief Justice Hughes delivered the opinion of the Court. Petitioner is the receiver of the Lee County National Bank of Marianna, Arkansas, which in 1933 was declared by the Comptroller of the Currency to be insolvent. On November 6, 1935, the Comptroller assessed its shareholders fifty per centum of the par value of their shares.. The assessment was requir…

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