State ex rel. Taggart v. Standard Real Estate Loan Co.

This is an original proceeding in quo warranto, brought by the state to oust the defendant from doing business in the state as a foreign building and loan association without procuring a certificate of authority from the bank commissioner, as the law requires. (Gen. Stat. 1901, § 1421.) It is admitted that the defendant is doing business in the state, and that no such certificate has been procured, but the defendant denies that it is a building and loan association.

*695The legislature has prescribed a scheme for domestic concerns of this character, but it is not necessary that the plan of a…