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RIDGE v. HALL

495 S.W.2d 784 (1973)

Joseph M. RIDGE et al., Appellants, v. Lenvil R. HALL, Commissioner, Department of Banking and Securities, Commonwealth of Kentucky and Lisle Baker, Receiver, American Building and Loan Association, Appellees (two cases).

Court of Appeals of Kentucky.

June 1, 1973.

Attorney(s) appearing for the Case

Preston L. Terry, III, John G. O'Mara, Louisville, for appellants.

Arthur W. Grafton, Stuart E. Lampe, James N. Williams, Jr., Louisville, for Lisle Baker, Receiver of American Building and Loan Association.

Thomas C. Carroll, Louisville, for Lenvil R. Hall, Commissioner of Banking and Securities, Commonwealth of Kentucky.

CULLEN, Commissioner.

We have before us two appeals (which have been consolidated), one from each of two separate orders entered by the Jefferson Circuit Court in an action brought by the Commissioner of Banking of Kentucky against American Building and Loan Association, to place the association in receivership because of its alleged "impaired condition," KRS 289.760. The appellants are members of the board of directors of the association, who were authorized under...

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