Guardian Building & Loan Ass'n v. McCallister

Plaintiff insists upon its right to advertise that its affairs are “controlled” and “supervised” by the State of Oregon, but “kicks like a bay steer” when the state exercises that right through the proper official. It is here trying to prevent the state from controlling or supervising the adoption of a by-law or to control or supervise its advertising. The statute directs the corporation commissioner through an assistant “to supervise, inspect and examine all building and loan * * associations doing business in the State of Oregon,” etc. It does not assume nor authorize any official to…