Legal Opinion
Art & Frame Direct, Inc. v. Dallas Market Center Operating, LP and Wachovia Bank
Texas Court of Appeals, 5th District (Dallas)
Decided September 18, 2012No. 05-10-01471-CVPublishedCited by 3 opinions
1Opinion of the Court
OPINION
Opinion By
Justice MURPHY.
Art & Frame Direct, Inc. (Art & Frame) appeals the summary judgment entered in favor of Dallas Market Center Operating, L.P., allowing the garnishment of funds transferred pursuant to a zero balance account agreement from Art & Frame’s master account to satisfy Dallas Market’s judgment against Art & Frame Direct/Timeless Industries Georgia, Inc. (Debtor). We reverse and remand that portion of the final judgment.
BACKGROUND
Art & Frame had a zero balance account agreement with Wachovia Bank, N.A. that allowed the bank to transfer funds from Art & Frame’s master…
2Cases cited12 opinions
- Nixon v. Mr. Property Management Co.Texas Supreme Court · 1985
- Dickey v. Club Corp. of America, Texas Court of Appeals, 5th District (Dallas)2000
- Beggs v. FiteTexas Supreme Court · 1937
- Bank One, Texas, N.A. v. Sunbelt Savings, F.S.B.Texas Supreme Court · 1992
- Citizens National Bank of Dallas v. HillTexas Supreme Court · 1974
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