Alfalfa Electric Cooperative, Inc. v. First National Bank & Trust Co. of Oklahoma City

LAVENDER, Justice:

Alfalfa Electric Cooperative, Inc. brought this action under the declaratory judgment act.’ (12 O.S. § 1651 et seq.) It sought a determination as to whether actions of its manager and board of trustees in encumbering certain assets were in violation of 18 O.S. § 437.20 and, if so, then it sought further relief from The First National Bank and Trust Company of Oklahoma City for the return of the assets unencumbered. Final judgment was rendered in the trial court on a motion for summary judgment. That court incorporated prior orders rendered on motion for partial summary…