Legal Opinion

U.S. Bank National Ass'n. v. HMA, L.C.

Utah Supreme Court

Decided May 18, 2007No. 20050236PublishedCited by 1 opinion

1Opinion of the Court

NEHRING, Justice:

11 HMA, the appellant before us, is a business engaged in real estate development. HMA deposited a large check in its account with U.S. Bank. HMA then wrote a check on its U.S. Bank account to pay obligations HMA owed Barnes Bank. U.S. Bank paid the check that HMA wrote to Barnes Bank.

T2 In the meantime, the maker of the check that HMA deposited, a check we will call the Woodson check in honor of its maker, stopped payment on it. When the Woodson check was returned to U.S. Bank, that bank swept remaining funds from HMA's account at the bank. U.S. Bank sued HMA in Salt Lake…

2Cases cited5 opinions

  1. First National Bank of Chicago, F/k/a Nbd Bank, Cross-Appellee v. Standard Bank & TrustCourt of Appeals for the First Circuit · 1999
  2. Farm Credit Services of America v. American State BankCourt of Appeals for the Eighth Circuit · 2003
  3. Crossland Savings v. HatchUtah Supreme Court · 1994
  4. Durham v. Duchesne CountyUtah Supreme Court · 1995
  5. Oak Brook Bank v. Northern Trust CompanyCourt of Appeals for the Seventh Circuit · 2001

3Cited by1 opinion

  1. Mallory v. Brigham Young UniversityCourt of Appeals of Utah · 2012

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