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STATE v. CULLEY

No. 51251.

399 S.W.2d 49 (1966)

STATE of Missouri ex rel. PINE LAWN BANK AND TRUST COMPANY, a Corporation, Relator-Appellant, v. William CULLEY, Commissioner of Finance, Department of Business and Administration, State of Missouri, Respondent.

Supreme Court of Missouri, Division No. 2.

Motion to Transfer for Rehearing Denied February 14, 1966.

Attorney(s) appearing for the Case

Gerwitz & Seegers, Gerald L. Seegers, St. Louis, for appellant.

Norman H. Anderson, Atty. Gen., Thomas J. Downey, Asst. Atty. Gen., Jefferson City, for respondent.

Motion to Transfer to Court En Banc or for Rehearing Denied February 14, 1966.

BARRETT, Commissioner.

The appellant-relator, Pine Lawn Bank and Trust Company, is as its name implies a bank and trust company organized and operated under Chapter 363, RSMo 1959, V.A.M.S., and subsequent amendments, governing trust companies. Under its articles of incorporation the trust company had an authorized capital of $60,000 represented by 600 shares of common stock of...

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