Legal Opinion
Federal Deposit Insurance Corporation v. The Merchants National Bank of Mobile
Court of Appeals for the Eleventh Circuit
Decided February 24, 1984No. 82-7351PublishedCited by 114 opinions
1Opinion of the Court
GODBOLD, Chief Judge:
I. Introduction
By 12 U.S.C. Sec. 1823(e) (1976) Congress gave to assets acquired by the Federal Deposit Insurance Corporation special protections that are not available to ordinary holders of commercial paper and are not dependent on whether FDIC would qualify as a holder in due course under state law. This case concerns application of Sec. 1823(e) to an asset acquired by FDIC from a failed bank. Section 1823(e) provides:
No agreement which tends to diminish or defeat the right, title or interest of the Corporation in any asset acquired by it under this section, either as…
2Cases cited10 opinions
- Fed. Sec. L. Rep. P 98,654 William L. Gunter and Camille S. Gunter v. Theodore M. HutchesonCourt of Appeals for the Eleventh Circuit · 1982
- Howell v. Continental Credit Corp.Court of Appeals for the Seventh Circuit · 1981
- Chatham Ventures, Inc., Scott Thompson and Laurie K. Abbott v. Federal Deposit Insurance Corporation, Chatham Ventures, Inc., Scott Thompson and Laurie K. Abbott v. Federal Deposit Insurance CorporationCourt of Appeals for the Fifth Circuit · 1981
- Riverside Park Realty Co. v. Federal Deposit InsuranceDistrict Court, M.D. Tennessee · 1978
- Federal Deposit Insurance Corporation v. Hoover-Morris Enterprises, Etc.Court of Appeals for the Fifth Circuit · 1981
5 more not listed; retrieve them via the Exa API.
3Cited by114 opinions
- Federal Deposit Insurance Corporation, in Its Corporate Capacity v. Richard M. WoodCourt of Appeals for the Sixth Circuit · 1985
- Federal Deposit Insurance Corporation, as Receiver for the First National Bank of Toms River, New Jersey v. Lawrence E. Bathgate, II Novasau Associates, a New Jersey Limited Partnership New Nas, Inc. T. Pamela Bathgate 54 Buena Vista Associates, a New Jersey Limited Partnership Tuscol Development, Inc., a New Jersey Corporation Old Monmouth Associates, a New Jersey Partnership Airport Associates, a New Jersey Partnership Gerald A. Gura the Club at West Deptford, a Limited Partnership, a New Jersey Limited Partnership State of New Jersey Columbia Savings and Loan Association Asset Recovery Management, Inc. William Bowman Associates, Inc. National Westminster Bank Nj, Successor to First Jersey National Bank/south. Lawrence E. Bathgate, II Novasau Associates New Nas, Inc. 54 Buena Vista Associates, a New Jersey Limited Partnership Tuscol Development, Inc., a New Jersey Corporation Old Monmouth Associates, a New Jersey Partnership, Third-Party v. William Barlow John C. Fellows, Jr. Ebert L. Hall Joseph P. Iaria David E. Johnson, Jr. Irene F. Kramer Jacqueline F. Pappas John F. Russo Leonard G. Lomell Office of the Comptroller of the Currency John McDougal Third-Party Federal Deposit Insurance Corporation, as Receiver for the First National Bank of Toms River v. Nla Associates Limited Partnership, a New Jersey Limited Partnership Lgp-I Limited Partnership, a New Jersey Limited Partnership Lgp-I Capital Corp., a New Jersey Corporation New Nas, Inc. Lawrence E. Bathgate, II Alan B. Landis Novasau Associates, a Limited Partnership, a New Jersey Limited Partnership. Lawrence Bathgate, II Novasau Associates, Limited Partnership New Nas, Inc. 54 Buena Vista Associates Tuscol Development, Inc. And Old Monmouth Associates (The Bathgate Defendants)Court of Appeals for the First Circuit · 1994
- Federal Deposit Insurance Corporation v. Marcelino Roldan FonsecaCourt of Appeals for the First Circuit · 1986
- Federal Deposit Insurance Corporation, in Its Corporate Capacity v. Jack H. Harrison and Frederick G. RixeyCourt of Appeals for the Eleventh Circuit · 1984
- Ron Grubb v. Federal Deposit Insurance CorporationCourt of Appeals for the First Circuit · 1989
109 more not listed; retrieve them via the Exa API.