Court Opinion

ID: 5515379
Source: CourtListenerOpinion
Date Created: 2022-01-10 04:29:20.454948+00
Date Added: 2024-06-11T08:34:17.660508
License: Public Domain

By Bronson, J.
I concur fully in the opinions expressed by my brethren, that associations formed under the general banking law are corporations, and that the assent of two-thirds of all the members elected to each branch of the legislature was necessary to the passing of the act. But, as at present advised, I cannot concur in the opinion that the legislature has the constitutional power, although two-thirds may assent, to provide by a general law for the creation of an indefinite number of corporations at the pleasure of any persons who may associate forth at purpose.
It was conceded on the argument, that the demurrer does not reach the objection that the act was not passed by a two-thirds vote ; and I have not, therefore, considered the question whether we can look beyond the statute book. A plea may render it necessary for us to pass upon that -question.
Judgment for plaintiff