In the case of Central Railroad and Banking Company v. Wright in 1896, the U.S. Supreme Court ruled on a dispute involving land ownership rights. The plaintiff, Central Railroad and Banking Company, claimed that they had purchased certain lands at a tax sale from the state of Georgia which were later sold to Wright by another party who also claimed ownership. The court held that under Georgia law, when property is sold for taxes without any notice to the owner or opportunity for him to be heard either before or after sale it violates due process clause of Fourteenth Amendment; thus making such sales void unless ratified by subsequent legislation providing compensation for taking private property for public use without just compensation being unconstitutional as well. The decision was significant because it affirmed that states cannot infringe upon an individual's right to due process under law - even in cases concerning taxation - thereby reinforcing protections provided by the Fourteenth Amendment against arbitrary deprivation of life, liberty or property.

The dissenting opinion in the case of Central Railroad and Banking Company v. Wright argued that the majority's decision was a violation of both state rights and private property rights. The justice contended that Georgia had every right to tax corporations operating within its borders, regardless if they were chartered by another state or not. He also believed it was unjust for the court to interfere with contracts made between states and corporations, as this would undermine their sovereignty. Furthermore, he disagreed with the majority's interpretation of "due process," arguing that it should protect individuals from arbitrary government action rather than shield corporations from taxation. In his view, allowing companies to evade taxes simply because they operated across state lines could lead to serious economic consequences for individual states.