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FLANAGAN v. KNIGHT

Gen. No. 50,493.

67 Ill. App.2d 71 (1966)

214 N.E.2d 557

Francis W. Flanagan, et al., as Directors and Officers of Marshall Savings & Loan Association, Plaintiffs-Appellants, v. Joseph E. Knight, as Director of Financial Institutions of the State of Illinois, Defendant-Appellee.

Appellate Court of Illinois — First District, Third Division.

January 20, 1966.

Attorney(s) appearing for the Case

Barnabas F. Sears and Gerald M. Sheridan, Jr., of Chicago, for appellants.

William G. Clark, Attorney General, of Chicago (Robert J. Downing and Jay Erens, Special Assistant Attorneys General, of counsel), for appellee.

MR. JUSTICE DEMPSEY delivered the opinion of the court.

This is an interlocutory appeal from an order granting a temporary injunction.

In late December 1964, the defendant, Joseph E. Knight, Director of the Department of Financial Institutions of the State of Illinois, seized possession of the books, records and assets of the Marshall Savings & Loan Association, under authority of section 7-8 of the Savings and Loan Act (Ill Rev Stats, c 32, par 848 (1963...

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