The opinion of the court was delivered by Vanderbilt, C. J. The case before us involves the application of sub-section B of section 21 of the “Savings and Loan Act,” L. 1946, c. 56 (N. J. S. A. 17:12A-1 et seq.) as amended by L. 1952, c. 204. Under the authority of that subsection the Commissioner of Banking and Insurance granted permission to the Colonial Savings a…
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