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EMP. RET. SYSTEM v. BUDGET DIR. HO

No. 4178.

44 Haw. 154 (1960)

352 P.2d 861

EMPLOYEES' RETIREMENT SYSTEM OF THE STATE OF HAWAII v. RAYMOND Y.C. HO, DIRECTOR OF BUDGET, STATE OF HAWAII.

Supreme Court of Hawaii.

March 25, 1960.

Attorney(s) appearing for the Case

C. Nils Tavares and Michiro Watanabe for plaintiff.

Shiro Kashiwa, Attorney General, Harold Y. Shintaku, Deputy Attorney General (Henry H. Shigekane and Carlos Ramelb, Deputy Attorneys General, with them on the briefs) and George Herrington of the firm of Orrick, Dahlquist, Herrington & Sutcliffe, for defendant.

TSUKIYAMA, C.J., MARUMOTO, CASSIDY, WIRTZ AND LEWIS, JJ.

OPINION BY MARUMOTO, J., IN WHICH WIRTZ, J., JOINS.

Employees' Retirement System of the State of Hawaii, plaintiff, and Raymond Y.C. Ho, Director of Budget, State of Hawaii, defendant, are parties to a question in difference and have submitted the question to this court on agreed facts under R.L.H. 1955, c. 227.

Plaintiff is a public agency, having the powers and privileges of a corporation, and is the holder of $29...

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