Legal Opinion

National Surety Co. v. State Banking Board

Supreme Court of Oklahoma

Decided October 12, 1915No. 4808PublishedCited by 15 opinions

Error from District Court, Logan County; A. H. Huston, Judge. Action by the National Surety Company, a corporation, against the State Banking Board of the State of Oklahoma and others. Judgment for defendants, and plaintiff brings error.

1Opinion of the CourtKane, C. J.

The law questions involved herein arise upon an agreed case filed by the above parties, pursuant to section 5276, General Statutes '1908 (section 5303, Rev. Laws 1910). It seems that the Columbia Bank & Trust Company, prior to its failure, became a depository of a portion of the funds of the School Land Commission, and that, in order to save the state harmless from any loss which might result from such deposit made by said commissioners, said bank executed an indemnity bond for $50,000 with the National Surety Company as surety; that upon the failure, of the bank the surety company satisfied…

2Cases cited8 opinions

  1. Gunter v. Atlantic Coast Line RailroadSupreme Court of the United States · 1906
  2. Stanley v. SchwalbySupreme Court of the United States · 1896
  3. Lankford v. Platte Iron Works Co.Supreme Court of the United States · 1915
  4. Lovett, Creek County Com'rs v. LankfordSupreme Court of Oklahoma · 1914
  5. Columbia Bank & Trust Co. v. United States Fidelity & Guaranty Co.Supreme Court of Oklahoma · 1912

3 more not listed; retrieve them via the Exa API.

3Cited by15 opinions

  1. Henry v. Oklahoma Turnpike AuthoritySupreme Court of Oklahoma · 1970
  2. Ward v. StateSupreme Court of Oklahoma · 1936
  3. Hawks v. WalshSupreme Court of Oklahoma · 1936
  4. State Highway Commission v. BrixeySupreme Court of Oklahoma · 1936
  5. State Highway Commission v. Green-Boots Const. Co.Supreme Court of Oklahoma · 1947

10 more not listed; retrieve them via the Exa API.

Showing a preview — retrieve the full document via the Exa API.

Powered by the Exa API