Legal Opinion
Whitten v. Republic National Bank of Dallas
Texas Supreme Court
Decided November 10, 1965No. A-10475PublishedCited by 21 opinions
1Opinion of the Court
CALVERT, Chief Justice.
Petitioner Whitten, Trustee in Bankruptcy of Tex-Mex Corporation, seeks to recover the sum of $65,270.83 from respondent, Republic National Bank of Dallas. Right of recovery is predicated on allegations that Bank required Tex-Mex, prior to its bankruptcy, to pay a personal note of its president out of the proceeds of a $257,500.00 loan made by Bank to Tex-Mex. The underlying- theory of Whitten’s suit is that use of corporate funds to pay a debt of a corporate officer is prohibited by Article 1349, Vernon’s Texas Civil Statutes, and by Article 2.02, subd. A(6), Texas…
2Cases cited7 opinions
- Bond v. Terrell Cotton & Woolen Manufacturing Co.Texas Supreme Court · 1891
- Dunagan v. BusheyTexas Supreme Court · 1953
- Kincheloe Irrigating Co. v. Hahn Bros. & Co.Texas Supreme Court · 1912
- First Merchants National Bank & Trust Co. v. Murdock Realty Co.Indiana Court of Appeals · 1942
- Republic National Bank of Dallas v. WhittenCourt of Appeals of Texas · 1964
2 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Fed. Sec. L. Rep. P 99,484 John F. Maher v. Zapata Corporation v. William Maldonado, Objector-AppellantCourt of Appeals for the Fifth Circuit · 1983
- Inter-Continental Corporation v. MoodyCourt of Appeals of Texas · 1966
- Fruehauf Corp. v. T. E. Mercer Trucking Co. (In Re T. E. Mercer Trucking Co.)United States Bankruptcy Court, N.D. Texas · 1981
- Diamond Paint Company of Houston v. EmbryCourt of Appeals of Texas · 1975
- Southern Nat. Bank of Houston, Tex. v. Tri Financial Corp.District Court, S.D. Texas · 1970
16 more not listed; retrieve them via the Exa API.