Legal Opinion
United States v. The First National Bank of Memphis
Court of Appeals for the First Circuit
Decided April 17, 1972No. 71-1699PublishedCited by 15 opinions
1Opinion of the Court
PHILLIPS, Chief Judge.
This is an appeal by the First National Bank of Memphis from a judgment enforcing a federal tax lien. We affirm.
The relevant facts are not in dispute. In 1962, Thomas W. Shipp borrowed $10,000 from the Bank, securing the loan by a pledge of certain insurance policies on his life. In February 1963, involuntary bankruptcy proceedings were instituted against Shipp. Under authority of an order of the Referee in Bankruptcy the bank cashed the policies, retaining $3,560.76 after satisfying Shipp’s indebtedness to it. This sum represented the remaining proceeds from the cash…
2Cases cited9 opinions
- United States v. Munsey Trust Co.Supreme Court of the United States · 1947
- United States v. ScovilSupreme Court of the United States · 1955
- United States v. SnyderSupreme Court of the United States · 1893
- Prince v. BartlettSupreme Court of the United States · 1814
- J. L. Enochs, District Director of Internal Revenue v. S. O. Smith and Maxine SmithCourt of Appeals for the Fifth Circuit · 1966
4 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Rushmore State Bank v. Kurylas, Inc.South Dakota Supreme Court · 1988
- Tkb International, Inc. v. United States of America, Tkb International, Inc. v. United StatesCourt of Appeals for the Ninth Circuit · 1993
- United States v. Central Bank of DenverCourt of Appeals for the Tenth Circuit · 1988
- Montavon v. United StatesDistrict Court, E.D. Virginia · 1994
- Znider v. United States (In Re Znider)United States Bankruptcy Court, C.D. California · 1993
10 more not listed; retrieve them via the Exa API.