Legal Opinion
Richardson National Bank v. Reliance Insurance
District Court, N.D. Texas
Decided December 14, 1977No. Civ. A. CA-3-76-0919-GPublishedCited by 11 opinions
1Opinion of the Court
MEMORANDUM OPINION ON MOTIONS FOR SUMMARY JUDGMENT
PATRICK E. HIGGINBOTHAM, District Judge.
This is a suit by a bank against its insurer under a standard banker’s blanket bond. The material facts are not in dispute and the legal issues are drawn by cross motions for summary judgment.
FACTS
Richardson National Bank “bank” made three (3) loans to Stonecipher in an aggregate sum of $15,968.54. That sum was not repaid and is now the amount of the claimed loss. Stonecipher delivered to bank as collateral four (4) Manufacturer’s Statements of Origin (MSO’s). Under Texas law an MSO evidences ownership…
2Cases cited4 opinions
- State Bank of Poplar Bluff v. Maryland Casualty CompanyCourt of Appeals for the Eighth Circuit · 1961
- Bank of the Southwest v. National Surety CompanyCourt of Appeals for the Fifth Circuit · 1973
- Capitol Bank of Chicago v. The Fidelity and Casualty Company of New YorkCourt of Appeals for the Seventh Circuit · 1969
- UNION INVEST. CO. v. Fidelity & Deposit Co. of Md.District Court, E.D. Michigan · 1975
3Cited by11 opinions
- National City Bank of Minneapolis v. St. Paul Fire & Marine Insurance Co.Supreme Court of Minnesota · 1989
- Charter Bank Northwest v. Evanston Insurance CompanyCourt of Appeals for the Fifth Circuit · 1986
- French American Banking Corp. v. Flota Mercante Grancolombiana, S.A.District Court, S.D. New York · 1990
- Reliance Insurance v. Capital Bancshares, Inc./Capital BankDistrict Court, N.D. Texas · 1988
- Reliance Insurance Company, Counter-Defendant v. Capital Bancshares, Inc./capital Bank, Counter-Plaintiff, Sunbelt Bancorp/sunbelt Savings Association of Texas, Counter-Plaintiff v. International Insurance Company, Counter-DefendantCourt of Appeals for the Fifth Circuit · 1990
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