Legal Opinion
McIlroy Bank & Trust v. Acro Corp.
Court of Appeals of Arkansas
Decided February 28, 1990No. CA 89-196PublishedCited by 11 opinions
1Opinion of the Court
John E. Jennings, Judge.
Appellee Acro Corporation was in the business of raising chickens and, in connection with its business, borrowed extensively from appellant, McIlroy Bank & Trust Company. Acro defaulted on its notes and on March 3, 1986, McIlroy filed suit for $500,000.00 and sought to foreclose its mortgages in Washington County Chancery Court. Ralston Purina Company, another creditor of Acro, was permitted to intervene.
On March 21, 1986, Acro filed a petition under Chapter 11 of the United States Bankruptcy Code and the foreclosure suit was stayed. The stay was subsequently lifted,…
2Cases cited8 opinions
- Burnaman v. HeatonTexas Supreme Court · 1951
- Schmidt v. Oregon Gold Mining Co.Oregon Supreme Court · 1895
- Overton v. OvertonSupreme Court of North Carolina · 1963
- Van Donselaar v. Van DonselaarSupreme Court of Iowa · 1958
- Selig v. BarnettSupreme Court of Arkansas · 1961
3 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Meadows v. Wal-Mart Stores, Inc.West Virginia Supreme Court · 2000
- Pope v. Gap, Inc.New Mexico Court of Appeals · 1998
- Schmidt v. McIlroy Bank & TrustSupreme Court of Arkansas · 1991
- Schmidt v. Pearson, Evans and ChadwickSupreme Court of Arkansas · 1996
- At & T Universal Card Service v. Bermingham (In Re Bermingham)United States Bankruptcy Court, W.D. Missouri · 1996
6 more not listed; retrieve them via the Exa API.