Ollie v. Rainbolt

OPALA, Justice:

The issues presented for review are (1) Did the trial court err in granting summary disposition on the plaintiffs’ first three claims? (2) Did the trial court err in determining that the plaintiffs lacked standing to seek injunctive relief against violations of state branch banking laws? and (3) Did the trial court properly grant affirmative relief by directing the plaintiff-bank officers to transfer the stock in suit? We answer the first two questions in the affirmative and the last in the negative.

Central to this dispute is an attempt by a third-party purchaser [Rainbolt] to…