Greenwood v. Estes, Savings & Loan Commissioner

The opinion of the court was delivered by

Schroeder, J.:

This is an action in mandamus seeking to compel the State Savings and Loan Commissioner (defendant-appellee) to forfeit the corporate existence of the State Savings and Loan Association (intervenor) for its failure to make home loans during the calendar years 1967, 1968 and 1969.

The issue presented involves the construction of K. S. A. 17-5228, which reads:

“Any association, which shall not commence business within six months after date upon which its corporate existence shall have begun, or after having commenced business shall fail for a…