Legal Opinion
First Industrial Loan Co. v. Daugherty
California Supreme Court
Decided June 19, 1945No. L. A. 19085PublishedCited by 49 opinions
1Opinion of the Court
*547SCHAUER, J.
The question before us concerns the valid ity of a regulation of the Commissioner of Corporations, effective November 1, 1941 (Industrial Loan Act Rules and Regulations, ch. 5, §4), which provides that “An industrial loan company shall maintain the statutory surplus required by section 7 of the Industrial Loan Act and shall not use any portion of said statutory surplus to offset bad debts, doubtful accounts or for other special reserve accounts. ’ ’ Upon the validity of such regulation hinges the propriety and effectiveness of an order of the commissioner, here sought to be…
2Cases cited17 opinions
- United States v. GrimaudSupreme Court of the United States · 1911
- Opp Cotton Mills, Inc. v. Administrator of the Wage & Hour Division of the Department of LaborSupreme Court of the United States · 1941
- Koshland v. HelveringSupreme Court of the United States · 1936
- Whitcomb Hotel, Inc. v. California Employment CommissionCalifornia Supreme Court · 1944
- Cal. Drive-In Restaurant Assn. v. ClarkCalifornia Supreme Court · 1943
12 more not listed; retrieve them via the Exa API.
3Cited by49 opinions
- Morris v. WilliamsCalifornia Supreme Court · 1967
- Kugler v. YocumCalifornia Supreme Court · 1968
- Carter v. Seaboard Finance Co.California Supreme Court · 1949
- In Re Redevelopment Plan for Bunker Hill v. GoldmanCalifornia Supreme Court · 1964
- Agnew v. State Board of EqualizationCalifornia Supreme Court · 1999
44 more not listed; retrieve them via the Exa API.