Legal Opinion
Calcasieu Marine National Bank of Lake Charles v. Scarlett Investments
Louisiana Court of Appeal
Decided February 7, 1990No. 88-1114PublishedCited by 4 opinions
1Opinion of the Court
DOMENGEAUX, Chief Judge.
This appeal requires us to determine the validity of two acts of subordination executed by the intervenors in this suit under executory process.
FACTS
On November 16, 1984, Scarlett Investments, a Louisiana partnership, purchased the property located at 1025 Broad Street in Lake Charles for the operation of a restaurant and lounge known as “Scarlett *912O’s”. In financing this transaction, Scar-lett Investments placed these encumbrances on the property: a collateral mortgage in favor of American Bank of Commerce for $450,000.00; a mortgage and vendor’s lien in favor of Cyrus…
2Cases cited3 opinions
- Odom v. Cherokee Homes, Inc.Louisiana Court of Appeal · 1964
- TD Bickham Corp. v. HebertSupreme Court of Louisiana · 1983
- Richey v. Venture Oil & Gas Corp.Louisiana Court of Appeal · 1977
3Cited by4 opinions
- In Re Century Offshore Management CorporationCourt of Appeals for the Sixth Circuit · 1997
- K.E. Resources, Ltd. v. BMO Financial Inc.Court of Appeals for the Sixth Circuit · 1997
- Bankers Trust Co. of California, N.A. ex rel. UCFC Loan Trust v. VerdinLouisiana Court of Appeal · 2005
- Calcasieu Marine National Bank of Lake Charles v. Scarlett InvestmentsSupreme Court of Louisiana · 1990