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IN RE VELOSO

93 N.J. Super. 186 (1966)

225 A.2d 372

APPLICATION OF ALFRED B. VELOSO AND JOHN D. GODINHO, MEMBERS OF PENN SAVINGS & LOAN ASSOCIATION OF NEWARK; UNDER N.J.S.A. 17:12B-118 TO 125, ETC. ALFRED B. VELOSO AND JOHN D. GODINHO, APPELLANTS, AND PENN SAVINGS & LOAN ASSOCIATION OF NEWARK, RESPONDENT.

Superior Court of New Jersey, Appellate Division.

Decided December 19, 1966.

Attorney(s) appearing for the Case

Mr. Clive S. Cummis argued the cause for appellants (Messrs. Schiff, Cummis and Kent, attorneys; Messrs. Steven S. Radin and Stuart J. Freedman on the brief).

Mr. Peter M. Adubato argued the cause for respondent (Messrs. DelNegro & Adubato and Benjamin B. Feinfeld, attorneys).

Mrs. Marilyn Loftus Schauer, Deputy Attorney General, argued the cause for the State Department of Banking and Insurance (Mr. Arthur J. Sills, Attorney General of New Jersey, attorney).

Before Judges SULLIVAN, KOLOVSKY and CARTON.

The opinion of the court was delivered by SULLIVAN, S.J.A.D.

This is an appeal from the decision of the Commissioner of Banking and Insurance upholding the refusal of a state savings and loan association to grant an application filed with the association by one of its members to have the association mail to its membership a proposed communication. The proposed communication, in substance, notified the membership that four persons had been nominated as candidates for...

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