Legal Opinion
Summertree Venture III v. Federal Savings & Loan Insurance Corp.
Court of Appeals of Texas
Decided November 5, 1987No. C14-86-924-CVPublishedCited by 6 opinions
1Opinion of the Court
OPINION
DRAUGHN, Justice.
The issue dispositive of this appeal is whether the Federal Savings & Loan Insurance Corporation (FSLIC), in its capacity as a receiver for an insolvent, insured, state-chartered savings and loan association, is susceptible to the subject matter jurisdiction of the courts of the State of Texas. We hold that Congress has not given the FSLIC the exclusive power to adjudicate appellants’ claims. The trial court does have subject-matter jurisdiction. We reverse and remand so that appellants may pursue their causes of action.
On March 26, 1986, appellants filed a civil…
2Cases cited21 opinions
- Morris v. JonesSupreme Court of the United States · 1947
- Stewart v. StateCourt of Criminal Appeals of Texas · 1984
- North Mississippi Savings & Loan Association and New North Mississippi Federal Savings & Loan Association v. Joseph M. HudspethCourt of Appeals for the Fifth Circuit · 1985
- Morrison-Knudsen Co. v. CHG International, Inc.Court of Appeals for the Ninth Circuit · 1987
- Port Terminal Railroad Association v. RossTexas Supreme Court · 1956
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3Cited by6 opinions
- Penrod Drilling Corp. v. WilliamsTexas Supreme Court · 1993
- Carlisle v. Philip Morris, Inc.Court of Appeals of Texas · 1991
- Byrd v. Woodruff, Texas Court of Appeals, 5th District (Dallas)1994
- Federal Savings & Loan Insurance Corp. v. Glen Ridge I Condominiums, Ltd.Texas Supreme Court · 1988
- Acker v. City of HuntsvilleCourt of Appeals of Texas · 1990
1 more not listed; retrieve them via the Exa API.