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STATE EX REL. DULUTH C.H. ASSN. v. DEPT. OF COMM.

No. 36,592.

245 Minn. 529 (1955)

STATE EX REL. DULUTH CLEARING HOUSE ASSOCIATION v. DEPARTMENT OF COMMERCE, STATE SECURITIES DIVISION, AND ANOTHER.

Supreme Court of Minnesota.

December 2, 1955.

Attorney(s) appearing for the Case

Eckman & Eckman, for relator.

Gerhard Bundlie and Jerome B. Simon, for respondent Industrial Credit Plan, Inc.

Miles Lord, Attorney General, and Harold J. Soderberg, Special Assistant Attorney General, for respondent Department of Commerce, State Securities Division.

KNUTSON, JUSTICE.

Certiorari to review a decision of the Department of Commerce of the State of Minnesota granting to Industrial Credit Plan, Inc., a certificate of authority to transact business as an industrial loan and thrift company in the city of Duluth under the provisions of M.S.A. c. 53.

There seems to be no dispute as to the following facts: The territory within which applicant proposes to operate is composed...

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