Legal Opinion
Federal Deposit Insurance Corporation, Cross v. Louisiana National Bank, Cross
Court of Appeals for the Fifth Circuit
Decided August 14, 1981No. 80-3147PublishedCited by 4 opinions
1Opinion of the Court
RANDALL, Circuit Judge:
This case presents the question whether the district court was clearly erroneous when, following a bench trial, it held that the declaration of a dividend on September 9, 1974, by International City Bank and Trust Company (ICB) did not create an event of default under section 4 of the Note Agreement dated March 15, 1972 (the Note Agreement), executed by ICB, which sets forth the terms and conditions under which $5,000,000 aggregate principal amount of Senior Capital Notes — Series A (the Notes) were issued by ICB. Section 4 of the Note Agreement provides that so long as…
2Cases cited3 opinions
- John M. Parker & Co. v. GuillotSupreme Court of Louisiana · 1907
- Mutual National Bank v. CocoSupreme Court of Louisiana · 1901
- Andrus v. AndrusLouisiana Court of Appeal · 1976
3Cited by4 opinions
- Federal Deposit Insurance Corporation v. Bank of America National Trust and Savings AssociationCourt of Appeals for the Ninth Circuit · 1983
- Davenport v. Sallie Mae, Inc.District Court, D. Maryland · 2015
- Hall v. First National Bank St. Tammany ParishLouisiana Court of Appeal · 1986
- Mesa v. SpurlockLouisiana Court of Appeal · 2000