Beutelspacher v. Spokane Savings Bank

The plaintiffs and the intervener in this action were shareholders in the Spokane Savings & Loan Society; the defendants are the Spokane Savings Bank, the Spokane Savings & Loan Society, and the officers and directors of those two corporations. The purpose of the action was to have declared illegal and void the transfer of the assets of the Building & Loan Society to the Savings Bank. The trial was to the court without a jury, and resulted in findings of fact from which the court concluded that the dissolution of the Spokane Savings & Loan Society and the sale and transfer of all of its…