First National Bank v. Department of Commerce

Writs of certiorari to review a decision of the Department of Commerce of the State of Minnesota granting an application for *254establishment of a bank at Grand Rapids, Minnesota.1 Relators each allege that the application is defective on its face because it failed to disclose ownership in the applicants of more than 50 percent of the proposed stock; because the applicants violated the securities law of this state; and because the applicants failed to sustain the burden of proof required by statute and by our previous decisions. We affirm the decision of the commerce commission.

Applicants filed…