so enjoy the protection which the due process
clause affords; but such protection does not entitle them to enter
another State or, once having been permitted to enter, to continue to do
business therein.[286] The power of a State to exclude or to expel a
foreign corporation being almost plenary as long as interstate commerce
is not directly affected, it follows that a State may subject such entry
or continued operation to conditions. Thus, a State law which requires
the filing of articles with a local official as a condition prerequisite
to the validity of conveyances of local realty to such corporations is
not violative of due process.[287] Neither is a State statute which
requires a foreign insurance company, as part of the price of entry, to
maintain reserves computed by a specific percentage of premiums,
including membership fees, received in all States.[288] Similarly a
statute requiring corporations to dispose of farm land not necessary to
the conduct of their business is not invalid as applied to a foreign
hospital corporation, even though the latter, because of changed
economic conditions, is unable to recoup its original investment from
the sale which it is thus compelled to make.[289]
Business: In General
"The Constitution does not guarantee the unrestricted privilege to
engage in a business or to conduct it as one pleases. Certain kinds of
business may be prohibited; and the right to conduct a business, or to
pursue a calling, may be conditioned. * * * Statutes prescribing the
terms upon which those conducting certain businesses may contract, or
imposing terms if they do enter into agreements, are within the State's
competency."[290]
Laws Prohibiting Trusts, Discrimination, Restraint of Trade.--A
State act prohibiting trusts, etc., is not in conflict with the
Fourteenth Amendment as to a person combining with others to pool and
fix prices, divide net earnings, and prevent competition in the purchase
and sale of grain.[291] Nor does the Fourteenth Amendment preclude a
State from adopting a policy against all combinations of competing
corporations and enforcing it even against combinations which may have
been induced by good intentions and from which benefit and not injury
may have resulted.[292] Nor is freedom of contract unconstitutionally
abridged by a statute which prohibits retail lumber dealers from uniting
in an agreement not to purchase materials from wholesalers selling
directly to consumers in
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