Legal Opinion
United States Treasury Department v. United States
Court of Appeals for the Fifth Circuit
Decided May 10, 1974No. 73-3174PublishedCited by 1 opinion
1Per curiam
The deciding issue on this appeal by the Government is whether the public policy of Louisiana precludes the assignment by a State Legislator of his governmental compensation as security for a loan.
Representative Richard E. Cheek, a Louisiana State legislator, assigned his legislative salary and allowances to the Community State Bank for thirty-one months as security for a $15,000 loan. Previous to the assignment, but on the same day, the Internal Revenue Service filed a tax lien against Cheek in the amount of $1,446.64, plus penalty and interest for underpayment of income taxes. Two and…
2Cases cited1 opinion
- McGowan v. City of New OrleansSupreme Court of Louisiana · 1907
3Cited by1 opinion
- United States Treasury Department (Internal Revenue Service), Community State Bank of Independence, Louisiana v. United States of America, Intervenor-Appellant v. John S. GarrettCourt of Appeals for the Fifth Circuit · 1974