Bories

Bories v. Union Building & Loan Ass'n

Good Law
141 Cal. 74·1903 Cal. LEXIS 475·74 P. 552
Supreme Court of CaliforniaNovember 20, 1903Sac. No. 1017.California1,707 words

Opinion

Lead Opinion

Haynes, J.

Plaintiff appeals from an order dissolving her attachment levied upon real estate of the said association in her action upon a money demand. The transcript contains a bill of exceptions. There is no controversy as to the material facts relating to the validity of the attachment.

On December 14, 1897, the state board of commissioners of building and loan associations made an investigation of the affairs and condition of the defendant Union Building and Loan Association, a corporation, and on January 24, 1898, reported to the attorney-general that said association was “transacting an unsafe business,” and on January 26th, notified the association that it had so reported to the attorney-general. On February 7, 1898, that officer, on behalf of the people, commenced an action against said association, pursuant to the provisions of the act creating said board of commissioners (Stats. 1893, p. 229), and on February 24,1898, judgment was entered enjoining the said association from the further transaction of business, and appointing a receiver. Upon appeal this court affirmed the judgment, except as to the appointment of the receiver, and as to said appointment the judgment was reversed.…

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