Quote:
The Clearfield Doctrine is stare decisis upon all courts, and imposes that “an entity cannot compel performance upon its corporate statutes or corporation rules unless it, like any other corporation, is the Holder in Due Course of some contract or commercial agreement between it, and the one on whom its demands for performance are made, and is willing to produce said document, and to place the same into evidence before trying to enforce its demands."
Clearfield Trust Co. v. United States, 318 U.S. 363-371 (1942)
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As I posted on another thread, this seems to be a spurious quote-- I looked at <u>Clearfield</u> in Findlaw, and it doesn't say that (or anything similar).