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FREELING v. STATE EX REL. SEBRING

No. 41887.

452 P.2d 789 (1969)

James R. FREELING, Plaintiff in Error, v. STATE of Oklahoma ex rel. Carl B. SEBRING, State Bank Commissioner of Oklahoma, acting by and through Federal Deposit Insurance Corporation, a corporation, Liquidating Agent, and the Hartford Accident & Indemnity Company, a corporation, Defendants in Error.

Supreme Court of Oklahoma.

April 1, 1969.

Attorney(s) appearing for the Case

Delmer L. Stagner, Oklahoma City, for plaintiff in error.

G.T. Blankenship, Atty. Gen., by W.J. Monroe, Asst. Atty. Gen., for defendant in error.

Fenton, Fenton, Smith, Reneau & Moon, by Edgar Fenton, Oklahoma City, for defendant in error, Hartford Accident and Indemnity Co.

JACKSON, Justice.

On July 29, 1960, Carl B. Sebring, State Bank Commissioner, closed the Capitol Hill State Bank of Oklahoma City, Oklahoma, and took the bank into his hands for the purpose of liquidation. As authorized by the provisions of 6 O.S. 1961, Section 183, the Commissioner appointed The Federal Deposit Insurance Corporation as liquidation agent and F.D.I.C. accepted the appointment.

Upon taking possession...

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