Delta Discount Corp. v. State Banking Department

On February 4, 1959, petitioner, Delta Discount Corporation, was served with a subpoena by the State Banking Department requiring its managing director to appear before the Acting Superintendent of Banks of the State of New York at a specified place and date to testify what he knows ‘ ‘ in regard to matters relating to the conduct and affairs ’ ’ of said corporation “ and others ” and to produce certain books, papers and documents “ relating to all retail instalment sales transactions acquired by Delta Discount Corporation while engaging in the business of a sales finance company. ”

On…