Thе first question to be dealt with concerns the plaintiff’s demurrers to an amendment filed to the defendants’ answer. In suсh amendment the defendants seek to attack the constitutionality of two amendments to the Georgia Banking Law. One of the amendments to said Act was by its terms not effective until after the filing of the present petition and could in nowise affect the rights of the defendants. An attack made upon the constitutionality of an Act of the General Assembly to be valid must be made by a party whose rights are affected and who therefore has an interest in such Act. See
South Ga. Nat. Gas Co. v. Ga. Public Service Comm.,
The remaining statute attacked is Paragraph (a) of
Code
§ 13-204 as amended by the Act of 1960 (Ga. L. 1960, p. 1170). The statute attacked reads in part as fоllows: “(a) No individual, partnership, person, firm, company, or voluntary association, shall carry on or conduct a banking business in this state without being chartered and organized under the Banking Laws of
This attack need not be passed upon since, as will be shown hereinafter, the defendants would gain no benefit from a decision declaring such Act unconstitutional. See
Hinson v. First Nat. Bank,
The trial court did not err in оverruling the defendants’ demurrers to the plaintiff’s petition inasmuch as the petition alleges that the defendаnts, one an individual and the other a superior-court chartered corporation, have engaged in the banking business by continuing the operation of The Exchange Bank. The Constitution (Art. Ill, See. VII, Par. XVII;
Code Ann.
§ 2-1917), limits the grant of corporate banking powers to the Secretary of State. Accordingly, the exercise of such powers by a superior-court chartered corporation would authorize the Superintendent of Banks to petition for the appointment of a receiver to liquidate the banking business, inasmuch as it has been held that the banking law applies to corporations doing a “banking business” whether chartered by the Secretary of State or otherwise. See
Bankers Savings &c. Co. v. Better Business Division Atlanta Chamber of Commerce,
The pleadings of the Superintendent of Banks to support
Code Ann.
§ 13-204, on which the Suрerintendent of Banks relies, expressly states that the “heirs, executors and assigns” of those presently engаged in private banking may continue the operation of such private banks. It must be assumed that the Generаl Assembly placed no limitation on the right to dispose of a valuable right by the owners of private banks beсause they realize that to do so would be a violation of the Due Process clauses of the State and United States Constitutions. As was held in
Beall v. Beall,
While a superiоr-court chartered corporation could not operate a private bank it could purchase and sell the same. There could be no limitation on the original owner’s right to dispose of the bank, nоr could there be any limitation upon the superior-court chartered corporation’s right to dispоse of it after purchasing the same from the original owner. The bills of sale introduced upon the hearing shоwed that the two transfers took place on the same day and all the oral testimony adduced upon the hearing showed that the operation of the bank was actually carried on by James A. Ross individually from thе time of its sale by the original owner. The contention that the transfer from Northeast Factor & Discount Company, Inc. to Ross was a sham was not supported by the evidence. The only evidence on such issue deаlt with a mistake of the scrivener of the original bill of sale, which mistake was corrected by the second bill оf sale executed on the same date. Under such circumstances it was not necessary to have thе original bill of sale reformed. The alleged error was corrected by the second bill of sale and, аs has often
The sole evidence with reference to the financial standing of the bank showed solvency, not insolvency. Accordingly, it was an abuse of discretion to fail to dissolve the temporary restraining order.
Judgment affirmed in part; reversed in part.