Salt Lake Telegram | 1934-04-05 | Page 13 | Malia to Fight Arizona's Suit

MALIA TO HOT FIGHT ARiZONA'S SUIT Wilt Will Oppose Action Seel ing Rec Receivership for Utah B. B L. L Firm John A. A Malla Malia Utah state stale bank commissioner announce Thursday y that he will oppose in United States district court at Phoenix ArIL Ariz T Tuesday Tues Tues- es day a suit which is designed to throw the Intermountain and Home Building Building Build Build- ing Loan associations of Utah into federal receivership The two companies have been In charge of the Utah bankIng deportS ment since March 20 when Commissioner Commis- Commis Malia applIed con conservator ships leaving J J. M. M Knapp Utah building md and loan examiner er in charge or of the principal offices of the companies at Phoenix Salt Lake of of- of the companies were placed in charge of Herbert Taylor Utah state bank examiner A. A E. E WIlde Wyoming state bank examiner in cooperation with Corn Com m missioner ioner Malia asSigned H. H M. M Hantz chief chic deputy W Wyoming oming bank examiner to cooperate with Exam Exam- Iner Knapp in administering the con con- The Intermountain BUilding Loan association of Arizona Arizona Ari Ari- zona another member of the Intermountain Inter mountain group is under the control con con- of Y C. C White Arizona banking superintendent as receiver Commissioner Malia also reported Thursday that the books and records of the Home company of Utah are arc to tobe tobe be returned to Salt Lake The books records and assets of both the Home and Intermountain or of Utah were vere transferred from Salt Lake to Phoenix Phoe- Phoe nix in June 1930