World Bank v. Lewis

This is an appeal from an administrative order of the Comptroller denying World Bank’s application for a bank charter. On appeal, the appellants assert that the Comptroller’s failure to approve or deny their application within 180 days after receipt thereof results in approval of the application subject to the satisfactory completion of statutory requirements.

The organizers are foreign nationals who, on March 11, 1980, filed an application to *542organize a state chartered bank. The Department of Banking and Finance duly published notice of receipt of the application. The Department of Banking…