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McMURRAY v. SEC. BK. OF LYNNWOOD

No. 37280.

64 Wn.2d 708 (1964)

393 P.2d 960

JOSEPH C. McMURRAY, Respondent, v. SECURITY BANK OF LYNNWOOD, Appellant.

The Supreme Court of Washington, En Banc.

July 2, 1964.

Attorney(s) appearing for the Case

Michelson, Kershner & Rutter and Ivan Merrick, Jr., for appellant.

The Attorney General, Herbert Gelman and Gary Sullivan, Assistants, for respondent.

Clarence J. Coleman, amicus curiae.

OTT, C.J.

The legislature, in 1959, amended the state banking laws relative to the organization and powers of a state bank by adding subdivision 7 to RCW 30.08.020, as follows:

"Persons desiring to incorporate a bank or trust company shall execute articles of incorporation in quadruplicate, which shall be submitted for examination to the supervisor at his office in Olympia.

"Articles of incorporation shall state:

"...

"(7) That for...

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