Washington Loan & Finance Corp. v. Security National Bank of Lubbock

ROBINSON, Chief Justice.

Washington Loan and Finance Corporation appeals from an order of the trial court overruling its plea of privilege to be sued in Dallas County. Reversed and remanded.

On February 9, 1977, Peter Payne purchased the six-year $100,000 Certificate of Deposit No. 11981 from Dallas International Bank. On the same day Payne executed an agreement assigning to Washington Loan “all interest now and hereafter payable on Certificate of Deposit No. 11981.” This assignment of interest accruing on the Certificate of Deposit was acknowledged by Dallas International Bank, which agreed to…