Shaw v. Lone Star Building & Loan Ass'n

This appeal is from an order perpetually restraining appellant, as banking commissioner of Texas, from annulling appellee’s permit to do a building and loan business, except by an action in court, because appellee was charging a larger membership fee on its capital stock sold than authorized by section 45 of chapter 61, Acts 2d Called Session, 41st Legislature (Vernon’s Ann. Civ. St. art. 881a— 44), regulating building and loan associations, and under which appellee was incorporated and was operating. Appellant claimed authority to annul the permit without court action under section 13 of…