Texas Life, Accident, Health & Hospital Service Insurance Guaranty Ass'n v. Lorena State Bank

ABOUSSIE, Justice.

J. Robert Hunter, Permanent Receiver for Texas Consumer Life Insurance Company (the “Receiver”), filed suit against appellee Lorena State Bank (the “Bank”) seeking a declaratory judgment that the Receiver was the rightful owner of a certificate of deposit (the “CD”) in the Bank’s possession. The Bank counterclaimed, seeking a declaratory judgment that it was the rightful owner of the CD. Upon cross-motions for summary judgment, the district court granted judgment for the Bank. The Receiver assigned his claims against the Bank to Texas Life, Accident, Health and Hospital…