State Ex Rel. v. Family Loan Co.

This is a proceeding under sections 9336-9341 of the Code to oust the defendant for alleged misuse and abuse of its corporate franchise. Defendant demurred, and the chancellor upon overruling the demurrer granted an appeal. The defendant insists through its several assignments of error that the chancellor erred in overruling the demurrer.

It appears from statements in the petition that the defendant, a Georgia corporation, was legally domiciled in Tennessee May 1, 1930, and on May 24, 1930, was licensed to do business under the small loan law, chapter 153, Pub. Acts 1925. It is shown that the…