Vandygriff v. First Savings & Loan Ass'n

DENTON, Justice.

This is an appeal from an order of the Savings and Loan Commissioner of Texas granting a charter to Citizens Security Savings and Loan Association. The trial court upheld the order. The court of civil appeals reversed the judgment of the trial court and rendered judgment setting aside the order as void. 605 S.W.2d 740. We reverse the judgment of the court of civil appeals and remand the cause to that court for further consideration.

Early in 1978, the organizers of Citizens Security Savings and Loan Association, primarily residents of Borger, Texas, filed a charter application…