Lewis v. Jacksonville Building & Loan Ass'n

DENTON, Justice.

This is a suit by Jacksonville Building and Loan Association and Rusk Federal Savings and Loan Association, the respondents here, to set aside the order of the Savings and Loan Commissioner approving and granting the charter application of the Cherokee Savings and Loan Association to be operated in Jacksonville, Texas. The trial court upheld the Commissioner’s order. The court of civil appeals, by a majority opinion, reversed and rendered judgment setting aside the Commissioner’s order. 531 S.W.2d 433. We reverse the judgment of the Court of Civil Appeals and affirm the…