The Liberty National Bank & Trust Company of Oklahoma City, a National Banking Corporation v. Acme Tool Division of the Rucker Company

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating “An allegation that the stakeholder is liable to one or more of the claimants may be raised in the form of a counterclaim.”
• affirming finding of unreasonableness in creditor’s failure, inter alia, to advertise oil drilling rig in appropriate trade or commercial journals and to contact potential industry purchasers directly or through a professional auctioneer
• failure to clean, paint, and dismantle an oil rig before sale was not commercially reasonable
• stakeholder’s request for discharge of liability and for judicial protection against further claims creates the adversity necessary to satisfy the “opposing party” requirement of the rule concerning compulsory counterclaims
• mandamus issued to compel district court to dismiss counterclaim filed in interpleader action

Source: CourtListener parenthetical corpus (CC0).