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NATIONAL DEPOSIT GUAR. CORP. v. SAULS

Civ. A. No. 84-T-464-N.

684 F.Supp. 262 (1987)

NATIONAL DEPOSIT GUARANTY CORPORATION, an Ohio Corporation, Plaintiff, v. Charles W. SAULS, Jr., et al., Defendants.

United States District Court, M.D. Alabama, N.D.

December 30, 1987.

Attorney(s) appearing for the Case

William J. Baxley, Joel D. Dillard, Baxley, Beck, Dillard & Dauphin, Birmingham, Ala., William T. McCracken, Thomas J. Bonasera, Crabbe, Brown, Jones, Potts & Schmidt, Columbus, Ohio, for plaintiff.

Terry R. Smyly, Gen. Counsel, State Banking Dept., Montgomery, Ala., for all defendants.

MEMORANDUM OPINION

MYRON H. THOMPSON, District Judge.

Plaintiff National Deposit Guaranty Corporation has brought this lawsuit claiming that § 5-17-19 of the 1975 Code of Alabama, a provision governing insurance for state-chartered credit unions, violates federal statutory and constitutional law. National has sued various Alabama officials responsible for administering this law. This matter is now before the court on cross-motions for summary judgment...

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