1. Home
  2. Browse Decisions
  3. F.2d
  4. 421 F.2d
  5. 421 F.2d 113 (1970)
 

REED v. CENTRAL NATIONAL BANK OF ALVA

No. 240-69.

421 F.2d 113 (1970)

Jimmy M. REED, Plaintiff-Appellant, v. CENTRAL NATIONAL BANK OF ALVA, a corporation, Defendant-Appellee.

United States Court of Appeals Tenth Circuit.

January 23, 1970.

Attorney(s) appearing for the Case

Rolland O. Wilson, Enid, Okl. (Owen D. Wilson, Enid, Okl., on the brief), for plaintiff-appellant.

William G. Paul and Andrew M. Coats, Oklahoma City, Okl. (Richard R. Downer, Thomas J. McDaniel, Alva, Okl., and Crowe, Dunlevy, Thweatt, Swinford, Johnson & Burdick, Oklahoma City, Okl., on the brief), for defendant-appellee.

Before MURRAH, Chief Judge, and PICKETT and BREITENSTEIN, Circuit Judges.

BREITENSTEIN, Circuit Judge.

The issue is whether an Oklahoma bank holding convertible debentures as collateral security for a loan is liable for failure to convert them into common stock to prevent an impairment in their value. The district court held that the bank had no duty and was not negligent. The pledgor, plaintiff-appellant Reed, appeals. Jurisdiction rests on diversity.

During the 1965 Christmas season pledgor, a California resident, visited his...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases