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Second Generation State Takeover Legislation: Maryland Takes A New Tack, Michigan Law Review
Second Generation State Takeover Legislation: Maryland Takes A New Tack, Michigan Law Review
Michigan Law Review
This Note examines the approach recently adopted by the Maryland legislature in special session one year after the Supreme Court's decision in MITE. Maryland has departed radically from the regulatory approach of first generation statutes; however, this Note argues that the statute has failed to escape the constitutional infirmities of its predecessors. Part I outlines the various mechanisms that regulate acquisition of corporate control: the federal tender offer regulatory mechanism known as the Williams Act, state takeover legislation such as the Illinois statute invalidated in MITE, and the new Maryland statute. Part II analyzes the debate concerning the …
Schools - Private Parochial Schools - Transportation Of Pupils - Use Of Public Funds, Fred C. Newman
Schools - Private Parochial Schools - Transportation Of Pupils - Use Of Public Funds, Fred C. Newman
Michigan Law Review
Plaintiff taxpayers instituted proceedings to restrain defendant board of education from complying with a statute which required defendant board of education to expend public funds for the purpose of transporting pupils to and from a parochial school. Held, that the statute was invalid as violative of the provision of the state constitution which prohibited the use of any public money "directly or indirectly" in aid of any sectarian school, and plaintiffs were entitled to judgment upon the pleadings; three judges dissented. Judd v. Board of Education of Union Free School Dist. No. 2, 278 N. Y. 200, 15 …
Constitutional Law -Validity Of State Mortgage Moratorium Statutes - Effect Of Emergency
Constitutional Law -Validity Of State Mortgage Moratorium Statutes - Effect Of Emergency
Michigan Law Review
A Maryland statute provided that mortgagees holding less than a 25 per cent interest in a mortgage could not have recourse to summary remedies for sale of mortgaged property during an emergency period declared to exist until June 1, 1935. Plaintiff, the holder of such an interest in a mortgage providing for summary proceedings for sale upon default, had the right to foreclose in this manner, mortgagor having defaulted, if the statute did not bar his action. Held, the remedies denied were so interwoven with the rights contracted for that the abolition of such remedies impaired the right, and …
Conflict Of Laws-Effects Usury
Conflict Of Laws-Effects Usury
Michigan Law Review
A Pennsylvania corporation entered into a contract in Maryland with the defendant credit company, a Delaware corporation, under which the defendant was to advance money upon the assignment to it of accounts, and furnish other services for which it was to receive certain definite fees and commissions. The parties stipulated in the contract that it should be governed as to its validity and interpretation by the laws of Delaware. The receivers of the Pennsylvania corporation brought this action to recover payments made to the defendant under the contract, claiming it to be usurious according to the law of Pennsylvania. Held …