Inwood National Bank v. Wells Fargo Bank, N.A. as Trustee and U.S. Trust Bank, Bank of America Private Wealth Management
Texas Court of Appeals, 5th District (Dallas)
1Opinion of the Court
OPINION
Opinion by
Justice Fillmore
Wells Fargo Bank, N.A., as Trustee (Wells Fargo) obtained a judgment against Charles Paschall Jr. and initiated a post-judgment garnishment proceeding against U.S. Trust, Bank of America Private Wealth Management (U.S.Trust), at which Paschall held an investment account, as well as against other institutions at which Paschall maintained accounts. U.S. Trust answered, asserting that, although it held assets belonging to Paschall, those assets were pledged as collateral for a debt he owed to Inwood National Bank (Inwood). Inwood filed a plea in intervention,…
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