Verhelle v. State Banking Commissioner

The bill of complaint in this cause was filed under the authority granted in section 21 of the Michigan financial institutions act (CL 1948, § 487.21 [Stat Ann 1943 Rev§ 23.739]). Plaintiffs are residents of the State of Michigan and are applicants in an application for permission to organize a bank under the laws of the State of Michigan, including PA 1937, No 341, known as the Michigan financial institutions act; and are parties of interest within the purview of sections 21 and 26, of the Michigan financial institutions act (CL 1948, §§ 487.21, 487.26 [Stat Ann 1943 Rev §§ 23.739, 23.754]).

D…