AMERICAN BUILDING AND LOAN ASSOCIATION, INC. v. STATE

No. 149.

376 P.2d 370 (1962)

AMERICAN BUILDING AND LOAN ASSOCIATION, INC., an Alaska Corporation, Appellant, v. STATE of Alaska and A.H. Romick, Commissioner of Commerce, State of Alaska, Appellees.

Supreme Court of Alaska.

November 21, 1962.


Attorney(s) appearing for the Case

Peter J. Kalamarides, John M. Savage, of Irvine, Clark & Savage, Anchorage, for appellant.

George N. Hayes, Dist. Atty., Richard A. Bradley, Asst. Dist. Atty., for appellees.

Before NESBETT, C.J., and DIMOND and AREND, JJ.


AREND, Justice.

This is an action for a declaratory judgment in which the appellant corporation sought a judicial declaration in the court below that it is not a bank within the meaning of the state statutes governing banking institutions. The trial court held the appellant to be a bank and it is principally from that decision that this appeal is being prosecuted.

Subsidiary to the main issue just mentioned are two...

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