Linton v. Fulton Building & Loan Ass'n

Opinion of the Court by

Judge Richardson

Affirming.

*199In 1918 the General Assembly (chapter 144, Acts 1918) by sections 854 to 878, inclusive, Kentucky Statutes, authorized “the organization, incorporation, operation and management of building and loan associations,” created “the Department of Building and Loan Associations in the office of the Banking Commissioner,” and provided “for the appointment of examiners and prescribed their duties and for the examination of all building and loan associations organized and doing business under the laws of this commonwealth.”

Section 865a reads:

“For every…