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SPIRO STATE BANK v. FIRST POTEAU CORPORATION

No. 92,518.

976 P.2d 1042 (1999)

1999 OK 6

SPIRO STATE BANK and Community Bankers Association of Oklahoma, Petitioners, v. FIRST POTEAU CORPORATION, Poteau State Bank and the Oklahoma State Banking Board, Respondents.

Supreme Court of Oklahoma.

February 1, 1999.

ORDER

[1] After a hearing with all parties present, the court determines that petitioners' request for relief by mandamus should be granted. The undertaking posted by the petitioners, pursuant to 6 O.S. Supp. 1997 § 207(C), as a jurisdictional prerequisite for the appeal in Spiro State Bank et al v. First Poteau Corporation, case no. 92,227, is the functional equivalent of a supersedeas bond. This is so because it is an undertaking to provide appellees...

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