Legal Opinion
First Nat. Bank in Coalgate v. First Nat. Bank of Ada
Supreme Court of Oklahoma
Decided April 3, 1928No. 17320PublishedCited by 5 opinions
1Opinion of the CourtPhelps, J.
On the 30th day of October, 1924, H. N. Horner, a national bank examiner, discovered that the First National Bank of Ada, Okla., was insolvent. In order to avoid the detriment resulting from the bank’s failure and the consequent loss to the depositors and the hardships upon the community which would naturally follow such failure, Mr. Horner called into consultation a number of the heaviest depositors, including the First National Bank in Coalgate, plaintiff in error here. As a result of such conference the sum of $30,000 was subscribed and offered to P. A. Norris, together with other…
2Cases cited5 opinions
- Aldrich v. Chemical National BankSupreme Court of the United States · 1900
- Citizens' Central Nat. Bank of NY v. AppletonSupreme Court of the United States · 1910
- Crowder State Bank v. Aetna Powder Co.Supreme Court of Oklahoma · 1913
- Mounts v. Boardman Co.Supreme Court of Oklahoma · 1920
- First Nat. Bank of Ada v. WomackSupreme Court of Oklahoma · 1916
3Cited by5 opinions
- Mutual Life & Accident Ass'n v. MooreSupreme Court of Oklahoma · 1933
- Board of Education of Town of Ringling v. State Ex Rel. BentonSupreme Court of Oklahoma · 1935
- State Bank v. Bank ExaminerWyoming Supreme Court · 1929
- American Surety Co. of New York v. State Ex Rel. ShullSupreme Court of Oklahoma · 1932
- Norris v. Oklahoma State BankSupreme Court of Oklahoma · 1932