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GOLDY v. GERBER

No. 20038.

377 P.2d 111 (1962)

Frank E. GOLDY, as Bank Commissioner of the State of Colorado, Plaintiff in Error, v. Glenn E. GERBER, Delmar E. Cooper, James H. Wood, A. B. Wood, Donald S. Cooper and Paul E. Cooper as incorporators of Westland Industrial Bank, Defendants in Error.

Supreme Court of Colorado. En Banc.

Rehearing Denied January 7, 1963.

Attorney(s) appearing for the Case

Duke W. Dunbar, Atty. Gen., Frank E. Hickey, Deputy Atty. Gen., Floyd E. Engeman, Asst. Atty. Gen., Denver, for plaintiff in error.

Bartholic & Bartholic, Cranston & Arthur, Denver, for defendants in error.

HALL, Justice.

Defendants in error, a group of citizens, to whom we will refer as the applicants, applied for a charter to do business as an industrial bank in Lakewood, under the terms and conditions set forth in CRS '53, 14-7-1 et seq. (1960 Perm.Supp.).

It has been well stated that:

"The banking business, because of its nature and its relation to the fiscal affairs of the people and the revenues of the state, is properly subject to regulation under...

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