Atlas Corp. v. Clovis National Bank

ZIMMERMAN, Justice:

Appellants The Clovis National Bank and The Citizens Bank of Clovis (jointly referred to as “Clovis”) appeal from a summary judgment declaring that they have no interest in certain uranium mining claims owned by respondent Atlas Corporation. Clovis asserts that the trial court erred in two respects: first, in ruling as a matter of law that the terms of an operating agreement and a sales agreement executed by the parties’ predecessors in interest had terminated upon the completion of a “single mining venture” and, second, in ruling as a matter of law that the net profits…