225 Ga. 227 (1969)

167 S.E.2d 583

JACKSON, Superintendent of Banks v. LONG.

Supreme Court of Georgia.

Decided April 24, 1969.

Attorney(s) appearing for the Case

Arthur K. Bolton, Attorney General, J. Robert Coleman, Robert J. Castellani, Assistant Attorneys General, for appellant.

Long & Glean, Nick Long, Jr., for appellee.

Heyman & Sizemore, Lamar W. Sizemore, Ralph G. McCallum, Jr., for party at interest not party to record.

DUCKWORTH, Chief Justice.

1. Anyone who has witnessed the agonies of a community caused by an insolvent bank's closing and liquidation will readily agree that banking affects the public interest and welfare, and hence can be regulated by law. The need for a bank, its chances of success, the character of its directors, and a means of keeping a constant public watch over it, at once justify legislation reasonably designed to...

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