Summary

Rufus Wheeler Peckham Security Mutual Life Insurance Company v…

If a state may lawfully withhold the right of transacting business within its borders, or exclude foreign corporations from the state upon the condition that they shall surrender a constitutional right given in the privilege of the companies to appeal to the courts of the United States, there is nothing to prevent the state from applying the same doctrine to any other constitutional right, which, though differing in character, has no higher or better protection in the Constitution than the one under consideration.
Source: Wikisource

Rufus Wheeler Peckham Security Mutual Life Insurance Company v…

It has not been decided that a statute which has no requirement for a stipulation or agreement not to remove is void if there be simply a provision therein for a revocation of the permit, such as is contained in the statute under review.
As a state has power to refuse permission to a foreign insurance company to do business ness at all within its confines, and as it has power to withdraw that permission when once given, without stating any reason for its action, the fact that it may give what some may think a poor reason or none for a valid act is immaterial.
Source: Wikisource

Rufus Wheeler Peckham Security Mutual Life Insurance Company v…

Conceding the soundness of this general proposition, it by no means follows that a foreign corporation may be excluded solely because it exercises a right secured by the Federal Constitution. For, conceding the right of a state to exclude foreign corporations, we must not overlook the limitation upon that right, now equally well settled in the jurisprudence of this court, that the right to do business cannot be made to depend upon the surrender of a right created and guaranteed by the Federal Constitution.
Source: Wikisource

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