In the case of Edward Hines Yellow Pine Trustees v. Anna F.C. Martin et al., 1924, the U.S Supreme Court was tasked with determining whether a state court had jurisdiction over an out-of-state trust that owned property within its borders. The trustees of Edward Hines Yellow Pine Trust were based in Illinois but held timberland in Louisiana and Mississippi as part of their assets. When Anna F.C Martin, a beneficiary who lived in Louisiana, sued for her share of income from these lands, she did so through the courts in her home state rather than where the trust was located. The Supreme Court ruled against Martin on grounds that personal jurisdiction could not be established solely because some property belonging to a non-resident defendant is situated within it unless there's minimum contact between them and the forum state or if they purposefully avail themselves to benefits and protections offered by said state's laws - neither being true here since all administrative activities related to this trust occurred outside Louisiana despite owning properties therein. This decision set precedent for future cases involving interstate trusts by clarifying how states can exercise authority over such entities under due process clause which requires sufficient contacts before asserting personal jurisdiction.

In the dissenting opinion for Edward Hines Yellow Pine Trustees v. Anna F.C. Martin et al., Justice McReynolds argued that the majority's decision to uphold a tax on timberland was unjustified and inconsistent with previous rulings of the court. He contended that there was no legal basis for taxing standing timber separately from land, as it is an integral part of real estate and not a separate entity or commodity. Furthermore, he disagreed with the majority's interpretation of Oregon law regarding taxation, asserting that they had misread state statutes in order to justify their ruling. In his view, this case represented an unwarranted expansion of government power over private property rights without clear legislative authority or constitutional mandate.