Summary

Charles Evans Hughes Oklahoma ex rel. Johnson v. Cook…

The statutes further provide that: 'The State of Oklahoma, on the relation of the Bank Commissioner, shall be deemed to be the owner of all of the assets of failed banks in his hands for the use and benefit of the depositors and creditors of said bank.' Id. § 9179, 6 Okl.St.Ann. § 157. No costs are required to be paid by the State in any suit in which the State of Oklahoma, on the relation of the Bank Commissioner, is a party, and preference is directed to be given in the courts of the State to all matters pending in such suits.
Source: Wikisource

Charles Evans Hughes Oklahoma ex rel. Johnson v. Cook…

It will be noted that the State not only undertakes to enforce the statutory liability of stockholders but, as the State takes title to all the assets of the insolvent bank, suits upon promissory notes and various claims of the bank in the course of the liquidation are to be brought in the name of the State acting through its Bank Commissioner.
Source: Wikisource

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