First National Bank & Trust Co. v. Ley

This is a proceeding in error to review an order of the Department of Banking of the State of Nebraska granting a charter to the Beatrice State Bank of Beatrice, Nebraska. The trial court found that the action should be dismissed and affirmed the order of the Department of Banking. The First National Bank & Trust Company of Beatrice, the plaintiff in error, has appealed.

The Banking Act provides that it shall be unlawful to conduct a bank within this, state except by means of a corporation organized for such purpose. § 8-114, R. S. Supp., 1965. It further provides that every corporation…