Federal Deposit Insurance Corp. v. Nueces County

CORNYN, Justice,

dehvered the opinion of the Court, in which ah Justices join.

The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) provides in part:

No property of the [Federal Deposit Insurance] Corporation shah be subject to levy, attachment, garnishment, foreclosure, or sale without the consent of the Corporation, nor shah any involuntary hen attach to the property of the Corporation.

12 U.S.C. § 1825(b)(2) (1989). This case initially presented the issue of whether this statute bars foreclosure of a statutory property tax hen by local taxing authorities when the Federal…