Legal Opinion
Kavanaugh v. Fash
Court of Appeals for the Tenth Circuit
Decided December 26, 1934No. Nos. 1050-1053PublishedCited by 3 opinions
1Opinion of the Court
BRATTON, Circuit Judge.
The decisive question common to these eases is whether a national bank in the state of Oklahoma may pledge its assets to secure deposits of public money without a resolution of its board of directors unanimously adopted and recorded in its minutes.
The First National Bank in Alva was the duly designated depositary of the state of Oklahoma, Woods county, the city of Alva, and school district No. 1 in that city. Acting through its president, but without a resolution of its board of directors, the bank delivered to the respective treasurers of the sovereigns named certain…
2Cases cited8 opinions
- Texas & Pacific Railway Co. v. PottorffSupreme Court of the United States · 1934
- Lewis v. Fidelity & Deposit Co. of Md.Supreme Court of the United States · 1934
- City of Marion v. SneedenSupreme Court of the United States · 1934
- Maryland Casualty Co. v. Board of Com'rs of Okmulgee CountySupreme Court of Oklahoma · 1926
- Fidelity & Deposit Co. of MaryLand v. KokrdaCourt of Appeals for the Tenth Circuit · 1933
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3Cited by3 opinions
- Fash v. First Nat. Bank of Alva, Okl.Court of Appeals for the Tenth Circuit · 1937
- Capital Savings & Loan Ass'n v. Olympia Nat. BankCourt of Appeals for the Ninth Circuit · 1935
- Leslie v. JohnsonDistrict Court, W.D. Oklahoma · 1938