Legal Opinion
Irving Independent School District v. Packard Properties
Court of Appeals for the Fifth Circuit
Decided August 27, 1992No. 20-70003PublishedCited by 16 opinions
1Opinion of the Court
WISDOM, Circuit Judge.
In these consolidated cases, the statutory privilege protecting the FDIC (Federal Deposit Insurance Corporation) from certain state tax penalties intersects the ability of state and local taxing authorities to enforce valid pre-existing liens on properties that the FDIC has acquired. When the FDIC acquires property, section 15(b) of the Federal Deposit Insurance Act,- 12 U.S.C. § 1825(b), exempts the FDIC itself from having to pay penalties incurred by earlier property owners who have not paid their ad valorem taxes. Because this privilege does not absolve the property…
2Cases cited23 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Rust v. SullivanSupreme Court of the United States · 1991
- Landreth Timber Co. v. LandrethSupreme Court of the United States · 1985
- United States v. New MexicoSupreme Court of the United States · 1982
18 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Rtc Commercial Assets Trust 1995-Np3-1, a Delaware Business Trust v. Phoenix Bond & Indemnity Co.Court of Appeals for the Seventh Circuit · 1999
- 37 Huntington Street v. City of HartfordConnecticut Appellate Court · 2001
- Nueces County v. Whitley Trucks, Inc., Texas Court of Appeals, 13th District1993
- Resolution Trust Corp. v. LanzaroSupreme Court of New Jersey · 1995
- Federal Deposit Insurance Corp. v. Rory S. McFarland Texaco, Inc., Defendant-Third Party v. Premier Venture Capital Corp. David L. Jump, Third Party v. Dennis Joslin Co., L.L.C., Movant-AppellantCourt of Appeals for the Third Circuit · 2001
11 more not listed; retrieve them via the Exa API.