Legal Opinion
Matagorda County v. Russell Law
Court of Appeals for the Fifth Circuit
Decided April 21, 1994No. 92-07756PublishedCited by 101 opinions
1Opinion of the Court
PICKERING, District Judge:
This case presents the issue of whether a lien interest held by the FDIC can be extinguished without the FDIC’s consent as a result of foreclosure of liens securing the payment of local property taxes. The FDIC contends, and the district court below held, that 12 U.S.C. § 1825(b)(2), recently enacted as part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), expressly requires protection of the FDIC’s interest.
In 1987, Bay City Bank & Trust Company acquired a lien on several lots in Bay City, Texas, under a deed of trust executed by…
2Cases cited46 opinions
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- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Penn Central Transportation Co. v. New York CitySupreme Court of the United States · 1978
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
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3Cited by101 opinions
- Seatrax, Inc. v. Sonbeck International, Inc.Court of Appeals for the Fifth Circuit · 2000
- Joseph Walton, as Next Friend of Christopher Walton, a Minor v. Alma Alexander, Alma AlexanderCourt of Appeals for the Fifth Circuit · 1995
- Simon v. CebrickCourt of Appeals for the Third Circuit · 1995
- Federal Deposit Insurance Corp. v. Nueces CountyTexas Supreme Court · 1994
- Maloney Gaming Management, L.L.C. v. St. Tammany ParishCourt of Appeals for the Fifth Circuit · 2011
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