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FIRST STATE BANK, ETC. v. SAND SPRINGS STATE BANK

No. 75-1187.

528 F.2d 350 (1976)

The FIRST STATE BANK AND TRUST COMPANY OF GUTHRIE, OKLAHOMA, Appellant, v. SAND SPRINGS STATE BANK OF SAND SPRINGS, OKLAHOMA, et al., Appellees.

United States Court of Appeals, Tenth Circuit.

Decided January 16, 1976.

Attorney(s) appearing for the Case

Thomas R. Williams, Williams & Hirzel, Guthrie, Okl., for appellant.

Frederic Dorwart, Tulsa, Okl., for First National Bank, Tahlequah, Okl., appellee.

Charles W. Mooney, Jr., Oklahoma City, Okl., for Oklahoma State Bank and Trust Co. of Vinita, Okl., appellee.

Irvine Ungerman, Tulsa, Okl., for Sand Springs State Bank of Sand Springs, Okl., and Boulder Bank and Trust Co. of Tulsa, Okl., appellees.

Before BREITENSTEIN, HILL and BARRETT, Circuit Judges.

BARRETT, Circuit Judge.

First State Bank and Trust Company of Guthrie, Oklahoma, (Guthrie), appeals a judgment decreeing that it was not entitled to collect funds represented by certain certificates of deposit. A statement of the facts will serve to place the controversy in perspective. Gulfco Investment Corporation, (Gulfco), together with several wholly owned subsidiaries,1 was in corporate reorganization proceedings under Chapter X...

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