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DOMESTIC SAFE DEPOSIT COMPANY v. HAWKSLEY

Nos. 1636-M. P., 1639-M. P.

301 A.2d 342 (1973)

DOMESTIC SAFE DEPOSIT COMPANY et al. v. Raymond H. HAWKSLEY et al. The RHODE ISLAND BANKERS' ASSOCIATION et al. v. AVCO LOAN AND INVESTMENT COMPANY et al.

Supreme Court of Rhode Island.

March 13, 1973.

Attorney(s) appearing for the Case

Adler, Pollock & Sheehan, Edward L. Maggiacomo, Providence, for Domestic Safe Deposit Co. and others.

Tillinghast, Collins & Graham, Andrew A. DiPrete, Peter J. McGinn, Providence, for Rhode Island Bankers' Assn. and others.

Pucci, Zito & Goldin, Thomas D. Pucci, Edward S. Goldin, Samuel A. Olevson, Providence, for appellee, Avco Loan and Investment Co.

OPINION

KELLEHER, Justice.

On December 23, 1970 a majority of the Board of Bank Incorporation affirmed the issuance of a certificate of public convenience and necessity which allowed Avco Loan and Investment Company1 to commence its commercial activities. Thereafter, most of the licensed moneylenders in this state filed a series of appeals in the Superior Court challenging the grant of the certificate. The appeals were consolidated...

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