ST. LOUIS UNION TRUST COMPANY v. PEMBERTON

No. KCD 26242.

494 S.W.2d 408 (1973)

ST. LOUIS UNION TRUST COMPANY, a corporation, Appellant, v. H. Duane PEMBERTON (Successor to C. W. Culley), Commissioner of Finance of Missouri, Respondent, and St. Louis County National Bank, a corporation, and Clayton Bank, a corporation, Intervenors-Respondents.

Missouri Court of Appeals, Kansas City District.

Motion for Rehearing and/or Transfer Denied May 7, 1973.


Attorney(s) appearing for the Case

Veryl L. Riddle, Thomas C. Walsh, and Eric V. Lemon, St. Louis, for appellant; Bryan, Cave, McPheeters & McRoberts, St. Louis, of counsel.

John C. Danforth, Atty. Gen., Michael L. Boicourt, Asst. Atty. Gen., Jefferson City, for respondent.

Lashly, Caruthers, Theis, Rava & Hamel, Clayton, for intervenor-respondent, St. Louis County National Bank; Albert H. Hamel, Clayton, of counsel.

Robert F. Schlafly, St. Louis, for intervenor-respondent, Clayton Bank; Keefe, Schlafly, Griesedieck & Ferrell, St. Louis, of counsel.

Before DIXON, C. J., and PRITCHARD, SHANGLER, SWOFFORD and WASSERSTROM, JJ.


PRITCHARD, Judge.

Appellant sought from the Commissioner of Finance and by declaratory judgment action in the circuit court the authority to establish an office in Clayton, Missouri, to be used in connection with its claimed exclusive trust business in downtown St. Louis, Missouri. Both the Commissioner and the circuit court denied the requested authority upon the basic proposition that it contravened the prohibition of...

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