Western Loan & Building Co. v. Franks

NORCROSS, District Judge.

Plaintiff by its Bill of Complaint prays for a decree against defendants requiring them to account to and return to plaintiff the amount of $92,866.71, in cash and bonds as being held by them in excess of the amount authorized by the laws of Nevada to be so held because of the business being done by plaintiff in the State of Nevada.

Plaintiff is a Utah Corporation with principal place of business in the City of Salt Lake, but transacting business also in the several surrounding states. The complaint alleges that in the year 1930 the investment liability to resident…