Legal Opinion

Pacific Title & Trust Co. v. Sargent

Oregon Supreme Court

Decided October 24, 1914PublishedCited by 6 opinions

From Marion: William Galloway, Judge. Statement by Mr. Justice Burnett. Tbe suit of tbe Pacific Title & Trust Company, a corporation, and tbe Oregon Realty & Trust Company, a corporation, against S. G. Sargent, superintendent of banks of the State of Oregon, and A. M. Crawford, Attorney General, was consolidated by consent of the parties, the questions in each being practically the same.

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From Marion: William Galloway, Judge. Statement by Mr. Justice Burnett. Tbe suit of tbe Pacific Title & Trust Company, a corporation, and tbe Oregon Realty & Trust Company, a corporation, against S. G. Sargent, superintendent of banks of the State of Oregon, and A. M. Crawford, Attorney General, was consolidated by consent of the parties, the questions in each being practically the same. The Pacific Title & Trust Company is said in the complaint to be authorized and empowered by its articles of incorporation “to make and certify abstracts of title to real property and furnish any information…

1Opinion of the CourtJustice Burnett

The act in question, in Section 29 thereof, declares itself to be “supplementary to the rights, duties and powers of corporations organized under the laws of Oregon for the purpose of conducting a general banking business and for the examination and certification of titles to real estate,” and says that parts of that law in conflict with the present act are repealed. Section 1 declares:

“Any number of persons, not less than five, citizens of the United States and residents of this state, may form a corporation to be known as a trust company, upon the terms and conditions and subject to the…

2Cases cited1 opinion

  1. Lorntsen v. Union Fisherman's Co.Oregon Supreme Court · 1914

3Cited by6 opinions

  1. Chan Sing v. AstoriaOregon Supreme Court · 1916
  2. Schramm v. Bank of California, National Ass'nOregon Supreme Court · 1933
  3. American Trust Co. v. McCallisterOregon Supreme Court · 1931
  4. State of Oregon v. BuckOregon Supreme Court · 1953
  5. State of Oregon v. BuckOregon Supreme Court · 1953

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