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MATTER OF BLACK

No. C5-94-134.

522 N.W.2d 352 (1994)

In the Matter of the Application by Archie C. BLACK, III, Christopher J. Smith and Richard E. Struthers for a Certificate Authorizing IAI Trust Company to Transact Business in that Name in Minneapolis, Hennepin County, Minnesota.

Court of Appeals of Minnesota.

Review Denied November 29, 1994.

Attorney(s) appearing for the Case

Roger A. Peterson, Peterson, Engberg & Peterson, Minneapolis, for relator Union Bank & Trust Co.

Hubert H. Humphrey, III, Atty. Gen., Norine Olson-Elm, Asst. Atty. Gen., St. Paul, for respondent James E. Ulland, Comm'r of Commerce.

Michael Berens, Kelly & Berens, P.A., Minneapolis, Steven G. Lentz, Associate Counsel, Minneapolis, for respondent Investment Advisers, Inc.

Considered and decided by ANDERSON, P.J., FORSBERG and DAVIES, JJ.

OPINION

FORSBERG, Judge.

By writ of certiorari relator Union Bank & Trust Company (Union Bank) seeks review of respondent Commissioner of Commerce's denial of Union Bank's hearing request and the Commissioner's approval of respondent Investment Advisers, Inc.'s charter to operate a trust business.

FACTS

Investment Advisers, Inc. (IAI) is a financial institution based in Minneapolis. On July 8, 1993, it filed with the Commissioner of...

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