Summary

Portrait of Morrison Waite Morrison Waite Railroad Company v. Koontz Railroad Company…

And the State which recognizes them can impose such conditions on its recognition as it chooses, not inconsistent with the Constitution and laws of the United States. If they are recognized and permitted to do business without limitation, express or implied, they carry with them wherever they go all their chartered rights, and may claim all their chartered privileges which can be used away from their legal home. Their charters are the law of their existence, and are taken wherever they go.
Source: Wikisource

Portrait of Morrison Waite Morrison Waite Railroad Company v. Koontz Railroad Company…

The present claim is that, by using the franchises of another Virginia corporation to run its leased road, it made itself a corporation of Virginia for all the purposes of that business, just as the lessor was and is.
It is well settled that a corporation of one State doing business in another is suable where its business is done, if the laws make provision to that effect. We have so held many times.
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature