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FIRST CONTINENTAL v. DIRECTOR

[No. 344, September Term, 1961.]

229 Md. 293 (1962)

183 A.2d 347

FIRST CONTINENTAL SAVINGS AND LOAN ASSOCIATION, INC. v. DIRECTOR, STATE DEPARTMENT OF ASSESSMENTS AND TAXATION ET AL.

Court of Appeals of Maryland.

Decided July 9, 1962.

Attorney(s) appearing for the Case

M. William Adelson and Eugene P. Smith, with whom was Douglas N. Sharretts on the brief, for the appellant.

Joseph S. Kaufman, Deputy Attorney General, and James P. Garland, Assistant Attorney General, with whom were Thomas B. Finan, Attorney General, and Thomas W. Jamison, III, Assistant Attorney General, on the brief, for the appellees.

Brief of amici curiae filed by Richard W. Case, Joseph M. Roulhac and Smith, Somerville & Case for Maryland Savings and Loan League, Inc., and Maryland League of Building, Savings and Loan Associations, Inc.

The cause was argued before BRUNE, C.J., and HENDERSON, HAMMOND, PRESCOTT, HORNEY and MARBURY, JJ., and NILES, J., Chief Judge of the Supreme Bench of Baltimore City, specially assigned.

HAMMOND, J., delivered the opinion of the Court.

The attack in this appeal is on the validity of the ex parte appointment of a receiver for the First Continental Savings and Loan Association, Inc., which was granted on the application of Albert Ward, Director of the State Department of Assessments and Taxation, and of the State of Maryland, under the provisions of Sec. 160L of Ch. 1 of the Laws of the Special Session of 1961. In addition to the contention that...

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