Resolution Trust Corp., as Receiver of Delta Savings & Loan Association, Inc. v. Sonny's Old Land Corp.

PATRICK E. HIGGINBOTHAM, Circuit Judge:

Delta Savings & Loan Association, Inc. sued in a Louisiana court for payments due under promissory notes and guaranties and for judicial recognition of mortgages securing the notes. The Resolution Trust Corporation, as conservator and receiver, was later substituted for Delta in the suit and simultaneously removed to federal district court, where it obtained summary judgment. On appeal defendants contend that the district court lacked subject matter jurisdiction over the case. We affirm.

I

Sonny’s Old Land Corporation and the other defendants below, over a…