Republicbank Dallas, N.A. v. Interkal, Inc.
Court of Appeals of Texas
1Opinion of the Court
WHITHAM, Justice.
Appellee, Interkal, Inc., is a beneficiary-materialman of the trust created in section one of TEX.REV.CIV.STAT.ANN. art. 5472e (Vernon Supp.1983).1 Appellant, Re-publicBank Dallas, N.A., is a bank within the meaning of section four of the Act. Both claim a superior right to money received by a contractor for the construction and remodeling of gymnasiums. The issue is whether section four of the Act renders inapplicable section one of the Act in circumstances in which a non-beneficiary bank is competing with a beneficiary-mate-rialman for money declared to be trust funds in…
2Cases cited7 opinions
- Quincy Lee Co. v. Lodal and Bain Engineers Inc.Texas Supreme Court · 1980
- Stone Fort National Bank v. Elliott Electric Supply Co.Court of Appeals of Texas · 1977
- Marathon Metallic Building Co. v. Texas National Bank of WacoCourt of Appeals of Texas · 1976
- Owens v. Drywall and Acoustical Supply Corp.District Court, S.D. Texas · 1971
- Lodal & Bain Engineers, Inc. v. Bayfield Public Utility DistrictCourt of Appeals of Texas · 1979
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3Cited by1 opinion
- RepublicBank Dallas, N.A. v. Interkal, Inc.Texas Supreme Court · 1985