Lone Star Building & Loan Ass'n v. State

BLAIR, Justice.

The State of Texas, through its Attorney General and on relation of its State Banking Commissioner, instituted this suit against appellant, the Lone Star Building & Loan Association, alleging in counts 1 *220and 2 of the petition that the Banking Commissioner had reported to the Attorney-General that he had found the appellant in an unsound and insolvent condition; that it was guilty of certain fraudulent practices, and was conducting its business in violation of the provisions of Art. 881a-1 et seq.; and had requested the Attorney General, under the provisions of Art. 881a-14 to…