Legal Opinion
Jackson v. Thweatt
Texas Supreme Court
Decided April 20, 1994No. D-3057PublishedCited by 119 opinions
1Opinion of the CourtChief Justice Phillips
in which all Justices join. Justice ENOCH not sitting.
Under 12 U.S.C. § 1821(d)(14), the FDIC has six years to bring suit on delinquent notes acquired from a failed bank. The issue presented in these consolidated cases is whether purchasers of such notes from the FDIC obtain the benefit of this federal limitations period. Because we conclude that they do, we affirm the judgment of the court of appeals in Jackson v. Thweatt, 838 S.W.2d 725, and reverse the judgment of the court of appeals in Federal Debt Management, Inc. v. Weatherly, 842 S.W.2d 774. Both causes are remanded to the trial court…
2Cases cited37 opinions
- Bowen v. Georgetown University HospitalSupreme Court of the United States · 1988
- Bradley v. School Bd. of RichmondSupreme Court of the United States · 1974
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- United States v. Kimbell Foods, Inc.Supreme Court of the United States · 1979
- Clearfield Trust Co. v. United StatesSupreme Court of the United States · 1943
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3Cited by119 opinions
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- Southwestern Bell Telephone Co. v. Marketing on Hold Inc.Texas Supreme Court · 2010
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