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ALFALFA ELECTRIC COOP., INC. v. FIRST NATL. BANK & TRUST CO.

No. 45751.

525 P.2d 644 (1974)

ALFALFA ELECTRIC COOPERATIVE, INC., a domestic corporation, Appellant, v. The FIRST NATIONAL BANK AND TRUST COMPANY OF OKLAHOMA CITY, a banking corporation, Appellee.

Supreme Court of Oklahoma.

July 23, 1974.

Attorney(s) appearing for the Case

Shutler, Baker, Simpson & Logsdon, Kingfisher, for appellant.

Harvey L. Harmon, Sr., Franklin, Harmon & Satterfield, Inc., Oklahoma City, for appellee, John R. McCandless, Oklahoma City, of counsel.

LAVENDER, Justice:

Alfalfa Electric Cooperative, Inc. brought this action under the declaratory judgment act. (12 O.S. § 1651 et seq.) It sought a determination as to whether actions of its manager and board of trustees in encumbering certain assets were in violation of 18 O.S. § 437.20 and, if so, then it sought further relief from The First National Bank and Trust Company of Oklahoma City for the return of the...

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