ATTY. GEN. EX REL. STATE BANKING COMMISSIONER v. MICH. NATL. BANK

Calendar Nos. 20, 21, Docket Nos. 51,036, 51,037.

377 Mich. 481 (1966)

141 N.W.2d 73

ATTORNEY GENERAL, ex rel. STATE BANKING COMMISSIONER, v. MICHIGAN NATIONAL BANK. GRAND LEDGE STATE BANK v. STATE BANKING COMMISSIONER.

Supreme Court of Michigan.

Decided April 5, 1966.


Attorney(s) appearing for the Case

Frank J. Kelley, Attorney General, Robert A. Derengoski, Solicitor General, and Maurice M. Moule and Maxine Boord Virtue, Assistant Attorneys General, for State Banking Commissioner.

Fraser, Trebilcock, Davis & Foster and Butzel, Eamon, Long, Gust & Kennedy (Victor W. Klein and Harold A. Ruemenapp, of counsel), for Michigan National Bank.

Hudson E. Deming, for Grand Ledge State Bank.

Louis E. Wirbel (Miller, Morris & Pappas, of counsel), for Loan & Deposit State Bank.


T.M. KAVANAGH, C.J.

On the relation of the banking commissioner, the attorney general sought by quo warranto to prevent the Michigan National Bank, the main office of which is in Lansing, from purchasing the assets and assuming the liabilities of the two Grand Ledge State banks, which banks thereupon were to be liquidated and a branch or branches of the Michigan National Bank established in Grand Ledge. The attorney general...

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