Federal Savings & Loan Insurance Corp. v. Kennedy

OPINION

JACK SMITH, Justice.

The threshold question in this case is whether the appointment of Federal Savings & Loan Insurance Corporation (FSLIC) as receiver for the defendant, Mainland Savings Association, after the entry of judgment against Mainland Savings but during the period while the trial court still retained plenary control over the case, gave FSLIC the exclusive power and authority to readjudicate the issues determined by the judgment. We hold that the trial court’s judgment was final in the sense that it was enforceable as a legal determination of the parties’ rights, and that…