Texas Supreme Court
James O. Gerst, Savings and Loan Commissioner of Texas, Petitioners v. Oak Cliff Savings and Loan…
June 26, 196811 Tex. Sup. Ct. J. 490
Summary
The Texas Supreme Court reversed the trial court and Court of Civil Appeals, holding that the Savings and Loan Commissioner’s denial of Oak Cliff Savings & Loan Association’s branch application was supported by substantial evidence and that the contested Section 2.4(f) rule is a valid exercise of the Finance Commission’s rule‑making authority.