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BANKING BOARD v. MERCANTILE NATIONAL BANK

No. 42049.

434 P.2d 211 (1967)

The BANKING BOARD of the State of Oklahoma and E.R. Albert, Jr., E.F. Allen, Harold G. Lewis, F.G. McClintock, Harry L. Seay, Jr., Harold G. Stuart, B.W. Vinson and W.K. Warren, as Incorporators, and Applicants for Charter of Southeastern State Bank, Tulsa, Oklahoma, Plaintiffs in Error, v. MERCANTILE NATIONAL BANK and City National Bank, Defendants in Error.

Supreme Court of Oklahoma.

Rehearing Denied October 3, 1967.

Attorney(s) appearing for the Case

Charles Nesbitt, Atty. Gen., Oklahoma City, John M. Winters, Jr., Hess Crossland, Horace D. Ballaine, of Conner, Winters, Randolph & Ballaine, Tulsa, for plaintiffs in error.

Sam P. Daniel, Jr., E.J. Doerner, of Doerner, Stuart, Moreland, Saunders & Daniel, Tulsa, for Mercantile National Bank.

L. Keith Smith, Jay, for City National Bank.

BERRY, Justice.

The Thirtieth Legislature enacted the Oklahoma Banking Code of 1965, establishing a Banking Department as a separate department of State government. 6 O.S.Supp. 1965 §§ 101-1503, inclusive. The authority, functions and operations of the department were vested in a Banking Board, whose affairs are administered by a Commissioner. Establishment, regulation and enforcement of all affairs connected with...

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