Roger Taney issues decision in Bank of Augusta v. Earle

The case of Bank of Augusta v. Earle revolves around whether a corporation chartered in one state can do business in another. The state of Alabama argues that a corporation, as a legal entity, has no existence outside the range of the laws which chartered it. Taney rules that a corporation does not have a legal existence outside its home state but may do business in anther state through its agents there if the other state so permits. -- Joanne Williams