In Re Bank of San Pedro

1 Cal.2d 675 (1934)

In the Matter of the BANK OF SAN PEDRO (a Corporation) in Conservation of Assets. EDWARD RAINEY, Superintendent of Banks, et al., Respondents,

v.

JOHN SULENTOR et al., Appellants.

L. A. No. 14808.

Supreme Court of California. In Bank.

October 22, 1934.

H. A. I. Wolch for Appellants.

Sullivan, Roche, Johnson & Barry and Henry H. Childress for Respondents.

Clifton A. Hix, as Amicus Curiae on Behalf of Appellants.

SHENK, J.

Acting under the authority of section 135c, added to the Bank Act in 1933 (Stats. 1933, p. 318), the Superintendent of Banks appointed Henry E. Sherer as Conservator…