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SEBRING v. FEDERAL DEPOSIT INSURANCE CORPORATION

No. 40144.

401 P.2d 479 (1963)

Carl B. SEBRING, Bank Commissioner of the State of Oklahoma, Capitol Hill State Bank, a corporation, and Hartford Accident and Indemnity Company, Plaintiffs in Error, v. FEDERAL DEPOSIT INSURANCE CORPORATION, a corporation, Defendant in Error.

Supreme Court of Oklahoma.

Rehearing Denied June 30, 1964.

Application for Leave to File Second Petition for Rehearing Denied April 27, 1965.

Attorney(s) appearing for the Case

Mac Q. Williamson, Atty. Gen., by Jim Barnett, Asst. Atty. Gen., Charles R. Nesbitt, Atty. Gen., by W.J. Monroe, Asst. Atty. Gen., for Carl B. Sebring.

Mosteller, Fellers, Andrews, Snider & Baggett, by Bryce A. Baggett, Oklahoma City, for Capitol Hill State Bank.

Fenton, Fenton, Smith & McCaleb, by Edgar Fenton, Oklahoma City, for Hartford Accident & Indemnity Co.

Donald H. Sharp, James A. DeBois, Oklahoma City, Leslie H. Fisher, Asst. Gen. Counsel, John F. Lord, General Counsel, Federal Deposit Insurance Corporation, of counsel, for defendant in error.

HALLEY, Vice Chief Justice.

There is no dispute about the facts in this matter. All the interested parties entered into a stipulation concerning the facts. The Capitol Hill State Bank, hereafter called the bank, is a banking corporation organized and existing under the laws of the State of Oklahoma. Federal Deposit Insurance Corporation, hereafter called FDIC, is a corporation organized and existing under Acts of Congress...

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