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BURTON v. CAREY

No. 7817.

82 F.2d 657 (1936)

BURTON et al. v. CAREY, Corporation Com'r of Oregon, et al.

Circuit Court of Appeals, Ninth Circuit.

March 20, 1936.

Attorney(s) appearing for the Case

J. H. Stockman and G. A. Heikkila, both of Portland, Or., for appellants.

I. H. Van Winkle, Atty. Gen., Willard H. Wirtz, Atty., Corporation Commission, of Salem, Or., and D. P. Price and John F. Logan, both of Portland, Or., for appellees.

Before WILBUR, DENMAN, and MATHEWS, Circuit Judges.

MATHEWS, Circuit Judge.

This appeal is from a decree dismissing a bill of complaint wherein appellants prayed for the appointment of a receiver for Union Savings & Loan Association, an Oregon corporation, which had been taken over and was being operated by the corporation commissioner of the state of Oregon. Appellants are members and shareholders of the association.

Section 52, c. 373, p. 768, Oregon Laws 1931, provides: "The directors of a savings and...

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