Legal Opinion
Texas Commerce Bank v. Garamendi
California Court of Appeal
Decided November 30, 1992No. Docket Nos. B064437, B064620, B064871PublishedCited by 31 opinions
1Opinion of the Court
Opinion
WOODS (A. M.), P. J.
These consolidated appeals arise from judgment entered in seven underlying consolidated actions for declaratory relief.
The judgment determines that purchasers of “Municipal Bond Guaranteed Investment Contracts” (Muni-GICs) from Executive Life Insurance Company (ELIC) in 1986 have preferred class-5 claim priority as insurance “policyholders,” rather than class-6 “all other claims priority” in ELIC’s pending insolvency proceedings.
The primary issues raised are as follows: (1) whether Muni-GICs were insurance annuities under Insurance Code section 101 1 when they were…
2Cases cited36 opinions
- Dyna-Med, Inc. v. Fair Employment & Housing CommissionCalifornia Supreme Court · 1987
- United States v. Security Industrial BankSupreme Court of the United States · 1982
- Harris v. Capital Growth Investors XIVCalifornia Supreme Court · 1991
- Evangelatos v. Superior CourtCalifornia Supreme Court · 1988
- Calfarm Insurance v. DeukmejianCalifornia Supreme Court · 1989
31 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Travis Gonzales v. Carmax Auto Superstores, LLCCourt of Appeals for the Ninth Circuit · 2016
- Arnett v. Dal CieloCalifornia Supreme Court · 1996
- Kaatz v. CITY OF SEASIDECalifornia Court of Appeal · 2006
- Quackenbush v. Aurora National Life Assurance Co.California Court of Appeal · 1995
- Garamendi v. Executive Life InsuranceCalifornia Court of Appeal · 1993
26 more not listed; retrieve them via the Exa API.