Court Opinion

ID: 5569092
Source: CourtListenerOpinion
Date Created: 2022-01-11 01:08:19.515119+00
Date Added: 2024-06-11T08:35:41.681613
License: Public Domain

Simmons, C. J.,
dissenting. The constitution of this State provides that no special law shall be enacted in any case for which provision has been made by an existing general law. There being a general law regulating the rate of interest to be •charged on loans by persons and corporations, the General Assembly has no power to enact a law authorizing one bank or class of banks, which receive deposits not subject to check and pay interest thereon, to charge a higher rate of interest than •other persons or banks. Such a law is special and prohibited by the constitution, and is not made a general law by the fact “that the banks are classified as above indicated. Such a classification would be arbitrary and unreasonable.