Gibson v. Savings & Loan Commissioner

Opinion

COBEY, J.

This appeal is from two orders of the superior court respectively denying without prejudice an alternative writ of mandate and temporary stays of an order of the Savings and Loan Commissioner approving the merger of three savings and loan associations. Petitioner is a substantial minority shareholder in one of the two nonsurviving associations who objected unsuccessfully at the hearing before the commissioner, not to the merger itself, but to the exchange ratio of the shares of the associations involved in the merger. In this connection he brought out, among other things, at…