Legal Opinion
Pickett v. Republic National Bank of Dallas
Court of Appeals of Texas
Decided April 17, 1980No. 1303PublishedCited by 3 opinions
1Opinion of the Court
McKAY, Justice.
This is an appeal from a summary judgment granted in favor of appellee Republic National Bank of Dallas, Texas.
On September 9,1955, J. B. Stoddard and Claire Benz-Stoddard created a spendthrift trust and conveyed to it certain oil and gas leases in the Columbus Field Unit in Colorado County, Texas. In the assignment the settlors reserved 65% of the production payments for themselves and assigned the remaining 35% to the trust. The payments were to terminate when the oil and gas reserves became reduced to certain specified levels.1 The trust specifically designated James A.…
2Cases cited4 opinions
- Gibbs v. General Motors CorporationTexas Supreme Court · 1970
- Malooly Brothers, Inc. v. NapierTexas Supreme Court · 1970
- Rodriguez v. MorganCourt of Appeals of Texas · 1979
- Tec Electric Co. v. AMFAC Distribution Corp.Court of Appeals of Texas · 1979
3Cited by3 opinions
- Edwards v. Mid-Continent Office Distributors, L.P., Texas Court of Appeals, 5th District (Dallas)2008
- Pickett v. Republic National Bank of DallasTexas Supreme Court · 1981
- Joseph Ashmore, Jr., Allan Clark and Financial Risk Specialists, Inc. v. JMS Construction, Inc. and David Perley, Texas Court of Appeals, 5th District (Dallas)2016