Louisville Joint Stock Land Bank v. Radford
| Louisville Joint Stock Land Bank v. Radford | |
|---|---|
| Argued April 1–2, 1935 Decided May 27, 1935 | |
| Full case name | Louisville Joint Stock Land Bank v. Radford |
| Citations | 295 U.S. 555 (more) 55 S. Ct. 854; 79 L. Ed. 1593; 1935 U.S. LEXIS 1127 |
| Case history | |
| Prior | Defendants convicted; Section 75 of the Bankruptcy Act [295 U.S. 555, 573] by the Frazier–Lemke Act, June 28, 1934, c. 869, 48 Stat. 1289, 11 U.S.C. § 203(s) upheld 8 F.Supp. 489 (United States District Court for Western Kentucky 1934); affirmed in 74 F.2d 576 (6th Cir. 1935); cert. granted, 294 U.S. 702 (1935) |
| Holding | |
| The Frazier–Lemke Act was unconstitutional because it took private property without a just compensation. | |
| Court membership | |
| |
| Case opinion | |
| Majority | Brandeis, joined by unanimous |
| Laws applied | |
| U.S. Const. art. I; U.S. Const. amend. V; Frazier–Lemke Act, June 28, 1934, c. 869, 48 Stat. 1289, 11 U.S.C. § 203(s) | |
Louisville Joint Stock Land Bank v. Radford, 295 U.S. 555 (1935), was a decision by the Supreme Court of the United States that held that the Frazier–Lemke Farm Bankruptcy Act was an unconstitutional violation of the Fifth Amendment Takings Clause because it interfered with farmers' property rights in contracts they made with the United States. This unanimous decision was one of the Court's many rulings that overturned President Roosevelt's New Deal.