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McKINNON v. STATE BANKING COMMISSION

No. 9809.

103 N.W.2d 179 (1960)

H. D. McKINNON, Emmet E. Brewick, P. L. Mader, John P. McQuillen and Rees W. Douglass, Plaintiffs and Respondents, v. STATE BANKING COMMISSION of the State of South Dakota, and Gorden H. Maxam, L. A. Pier, L. A. Hollenbeck and Howard Peters, constituting the members thereof, Defendants and Appellants.

Supreme Court of South Dakota.

May 20, 1960.

Attorney(s) appearing for the Case

Woods, Fuller, Shultz & Smith, Sioux Falls, for defendants-appellants.

John P. McQuillen, Sioux Falls, for plaintiffs-respondents.

HANSON, Judge.

On March 6, 1956 petitioners, H. D. McKinnon and others filed an application for a bank charter with the State Banking Commission for a new bank to be located in the stockyards area in the city of Sioux Falls to be known as The Stock Yards Bank. The application was filed pursuant to SDC 6.0304. A public hearing was held by the Commission in Sioux Falls on June 28, 1956. Evidence was heard in favor of and in opposition to the application. At a subsequent...

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