Ncnb Texas National Bank v. Candice Beth Cowden and Billi Terresa Cowden
Court of Appeals for the Fifth Circuit
1Opinion of the Court
REAVLEY, Circuit Judge:
In this case we must determine whether the Federal Deposit Insurance Corporation (FDIC), in its capacity as receiver of an insolvent banking institution, had authority in 1988 1 to transfer the fiduciary appointments held by the insolvent bank to a federally created bridge bank. The district court ruled that federal law authorized FDIC to make such a transfer and that, to the extent it conflicted with FDIC’s authority, Texas law relating to transfer of fiduciary appointments was pre-empted. We affirm.
I
On July 29, 1988, the Office of the Comptroller of the Currency (OCC)…
2Cases cited29 opinions
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