charter as contract
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 80 U.S. 373 - Salt Company v. East Saginaw · 1871Most cited · 53 citing opinions
Charters granted to private corporations are held to be contracts. Powers and privileges are conferred by the State, and corresponding duties and obligations are assumed by the corporation. And if no right to alter or repeal is reserved, stipulations as to taxation, or as to any other matter within the power of the legislature, are binding on both parties.
How often courts cite the case defining “charter as contract”
Court decisions citing the opinion that defined “charter as contract” — 53 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.