Legal Opinion
Bank of America, N.T. & S.A. v. Quackenbush
California Court of Appeal
Decided July 31, 1997No. G015266PublishedCited by 7 opinions
1Opinion of the Court
Opinion
WALLIN, J.
The Bank of America, N.T. & S.A. (the Bank), holder of financial guarantee bonds issued by an insolvent insurer, filed claims on the bonds with the Insurance Commissioner. The Bank sought to have the underlying security valued by appraisal, as provided in the Insurance Code, 1 even though it had previously made full credit bids on the security at a nonjudicial foreclosure sale. The commissioner determined that the full credit bids conclusively established the value of the security and extinguished the Bank’s claims. The Bank filed an application in the trial court seeking to…
2Cases cited13 opinions
- Alliance Mortgage Co. v. RothwellCalifornia Supreme Court · 1995
- Cornelison v. KornbluthCalifornia Supreme Court · 1975
- Webster v. Superior CourtCalifornia Supreme Court · 1988
- Universal Mortgage Co., Inc. v. Prudential Insurance Company, and Does I Through Xx, InclusiveCourt of Appeals for the Ninth Circuit · 1986
- Karl v. Commonwealth Land Title InsuranceCalifornia Court of Appeal · 1993
8 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- San José Realty S.E. v. Fénix de Puerto RicoSupreme Court of Puerto Rico · 2002
- Spillman Investment Group, Ltd. v. American Bank (In Re Spillman Development Group, Ltd.)United States Bankruptcy Court, W.D. Texas · 2009
- Wilson v. Cnty. of San Joaquin, California Court of Appeal, 5th District2019
- Norwest Mortgage, Inc. v. State FarmCalifornia Court of Appeal · 2002
- San Jose Realty, S.E. v. El Fenix De P.R.Supreme Court of Puerto Rico · 2002
2 more not listed; retrieve them via the Exa API.