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CUMBERLAND CAPITAL CORP. v. PATTY

556 S.W.2d 516 (1977)

CUMBERLAND CAPITAL CORPORATION, Appellant, v. Hubert D. PATTY, Appellee.

Supreme Court of Tennessee.

August 22, 1977.

Attorney(s) appearing for the Case

Valerius Sanford, Nashville, William B. Felknor, Maryville, for appellant.

Rom L. Meares, David T. Black, Maryville, for appellee; Martha S.L. Black, Knoxville, of counsel.

William H. Lassiter, Jr., Taylor, Schlater, Lassiter & Tidwell, James O. Bass, Bass, Berry & Sims, Robert J. Warner, Jr., Dearborn & Ewing, Frank M. Farris, Jr., Farris, Evans & Warfield, Nashville, David G. Williams, Heiskell, Donelson, Adams, Williams & Kirsch, Memphis, Lowry F. Kline, Miller & Martin, Chattanooga, W.F. Shumate, Jr., Ridenour, Ridenour, Ridenour, Bowers & Shumate, Knoxville, Ronald S. Borod, Rosenfield, Borod, Bogatin & Kremer, Memphis, Donald G. Ward, Wilson, Worley, Gamble & Ward, Kingsport, Tenn., for Tenn. Bankers Ass'n, Inc., amicus curiae.

Charles L. Cornelius, Jr., G. Michael Yopp, Cornelius, Collins, Higgins & White, Nashville, for Tennessee Savings & Loan League, amicus curiae.

B.B. Gullett, Gullett, Steele, Sanford, Robinson & Merritt, Nashville, for Tennessee Consumer Finance Ass'n., amicus curiae.

OPINION

HENRY, Justice.

This interlocutory appeal involves the constitutionality of a portion of the Industrial Loan and Thrift Companies Act,1 and a construction of Article 11, Section 7, Constitution of Tennessee.2

I.

Pleadings and Trial Proceedings

Cumberland Capital Corporation, a Tennessee corporation, organized and existing under the Industrial Loan and Thrift...

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