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HOFFMAN v. STATE, DEPT. OF COMMERCE

No. S-4621.

834 P.2d 1218 (1992)

Harold A. HOFFMAN, Appellant, v. STATE of Alaska, DEPARTMENT OF COMMERCE AND ECONOMIC DEVELOPMENT, Appellee.

Supreme Court of Alaska.

May 29, 1992.

Attorney(s) appearing for the Case

Phillip Paul Weidner, Weidner and Associates, Anchorage, for appellant.

Gary I. Amendola, Sarah J. Felix, Asst. Attys. Gen., Juneau, Charles E. Cole, Atty. Gen., Juneau, for appellee.

Before RABINOWITZ, C.J., and BURKE, MATTHEWS, COMPTON and MOORE, JJ.

OPINION

MATTHEWS, Justice.

I. INTRODUCTION AND FACTS

The present case has its genesis in the State's 1988 takeover and closure of the Alaska Continental Bank (ACB). Appellant Harold Hoffman was a stockholder, a director, and president of ACB. After the State seized ACB on July 7, 1988, Hoffman applied to the State's Banking and Securities Division of the Department of Commerce and Economic Development (Division) for an order vacating possession...

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