Case Information
*1 OFFICE OF THE ATTORNEY GENERAL OF TEXAS AUSTIN J-0
Xcmorabla Jomoe
stmso Treaewer
~UaQln, Tams
FiQnmable Jew JtriJms - pi& 3
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FWumabL, Jeeee Jemee - &me% 4
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"(h) Open spproml of the flnrl.r%~ort of llqaId%tlan by the Oo%nlaelo~r, %.ald report shall be prasenfod to the aovt and tke oourt l h%ll %ntW uoh or&or, jud@a@nt end deoree 88 -- vernon~s clr. stat. wt. ma b4 aeoeemary.” 8e.L. Long, prlor to 1939, buIldIng and loon a%%aoia- the eup%ryIsIon of th% BankIn& ComaI%slon- tloae were,tubdor
er,~lnat he ume not~olbthe~ rith the sower to lIqtiMst+a that bcblng aooompit8hed by tii% volun-
eta&h oorpontltiaa, tery,aot of the %ePooIatlon, or through s.jadIofal. proaadi
In$ popsrly idtltuted. ulth nep8ot to lrtlnd lo.'31 mflr&, ‘rpoarn~rda
aio;ro9 4dvi8e tte :.ln ooanootlon wllih your orl&nal requaet,
.:‘. $4imt.:the: fund rlint+dne dspoeite aadb by a number of build-
&&-e&. ~~OUI eieoo%it3oae'upon :tolantarr liqtidmtlgn; end
piWelblg~xQm or~aom judloi%l~llquld%tloue~ 8uohl .mofmd%
db not-dlreloeo, :&owever any deposit br th% %%rrkln@ ~aom- mlaqloaer&a a. oaae,oi~,.~~gu~batioa.~i~~~ted by him Input- : :i. : '5. ,.A.::.:!.,:. '..! isu~~e. 'of'~8ro.t10a,;~ls.~o.*'!~s"pr;iis~e~~‘,.~id~ ,,t',:f;orn ;'Aerrol;".~,~,:~,.~:.: ,~‘,:';:.UI::,,:,i.r,i. ,I
oiatton. AoF.
IIs biro edrlih bye the Benkln$ Commierlonir that 1%: acle w*ti @ho: pnotiae or bhat Departewnt, upon 'the rob
-onta~~diee@utlon ot a bulldIn& pnd'loen .es~oIetIon us+
4er it8 euQW~l%l~n to .ruqalre or the dI%SOltin& oorpora-
t1on.r 4q6elt rit&the~Stste Tmeearer to oo~yer wolela-
eil l mu.'of mosey dor;.~ee:,&r g~&~~rml by.Artiele ,840, Re-
vised C1~,13~Stututue, 1926, with mapot to.mlanterf
llquldatlane of baaklngt Inatbtutionn, 8aah depoeit uauel-.
ly beS#qg mdo through the Bankind Oom@soiono~ a@ inter-.;
.mivdiary. nhether~or not Wnknhla ‘any etcltaots r*quMiqf ,:.
eaoh Uepoeltqto be m&da with the State Tnssorar B?% noed
not Qa Zaqulra or'dWId%, %lbsIt' a very tbou@htSul aud
w~lrrd&e praot$ae.
Gush doposit by an oseoqiation In,oourea caf Sol- untsry 1iqaIdatIc.m In ,n% srsnt would %om% *IthIn ths pro-
vI%Ioas or ~.otlon 16 -0i the mlldlng 8. Loan A%eooIation
Aof,, adopting by refiwsnoa, the bank l~quldetlon mthod by
the Bnnklta~ mmmIesIonsr for the sit&p&e reimon tha Cozi-
desloner has not t&m over the saeoo~etlon Id ob%dIenoe
to en order of a.court or oomptsteat juri%dIotlun -- ths
1iqxildatZon bshq wholly ~oluutnry.
while oolsein rinan6iol oar ration8 are by law unller the *up6niaiOn or th6 i!M& aopmiuiOlMlr,
notably, loan oaa brohwgcr ooapnlec, and ~,rsdiO
uaionr, the e,tatutae do not aulhorlse the* 0frhir fo
liquid&a suoh ~orporatfona, and where, 80 &a 61241 aam
with you, a tmit Aelposit he* b6%a TOluntmuy rpree br
tha aorgwatiw ror the b666PiO or Q noh~laiming oredlb-.
o r, th en cer kinly is no l t+uke euthorlaing niuuh 1.~
l%quir3a& you a'* Tr%asur%r te turn over such 8epooit $0
~the k3aaibg Comaiaeianrr, a8 ther6 ia la, the pr6sWO
i%ukbg code, 6lready rafcr6d to in this opkxianl