ARK. SAV. & L., ETC. v. W. HELENA SAV. & L.

No. 76-12.

538 S.W.2d 560 (1976)

ARKANSAS SAVINGS AND LOAN ASSOCIATION BOARD et al., Appellants, v. WEST HELENA SAVINGS AND LOAN ASSOCIATION et al., Appellees.

Supreme Court of Arkansas.

July 19, 1976.


Attorney(s) appearing for the Case

Harold E. Anderson, Jr., Little Rock, for Ark. Sav. and Loan Ass'n Bd.

Wright, Lindsey & Jennings, Little Rock, for Helena Federal Sav. and Loan Ass'n and First Federal Sav. and Loan Ass'n of Helena.

Hardin, Jeeson & Dawson by Bradley D. Jesson, Fort Smith, amicus curiae Ark. Sav. and Loan League.

Joe N. Peacock, McCrory, for Woodruff County Sav. and Loan Ass'n.

Schieffler & Yates by Eugene L. Schieffler, West Helena, for West Helena Sav. and Loan Ass'n.

Smith, Williams, Friday, Eldredge & Clark by Hermann Ivester, Little Rock, for West Helena Sav. and Loan Ass'n, Woodruff County Sav. and Loan Ass'n and American Sav. Ins. Co.


JONES, Justice.

This is an appeal by Arkansas Savings and Loan Association Board, et al., from a judgment of the Pulaski County Circuit Court holding Ark.Stat.Ann. § 67-1831 (Repl.1966) unconstitutional as a delegation of legislative authority to a federal agency. The pertinent provisions of the statutes pertaining to savings and loan associations, Ark.Stat.Ann. §§ 67-1801-67-1862 (Repl. 1966), as applied to the questions here involved appear as follows...

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