Legal Opinion
Westchester County Savings & Loan Association v. Legel, Braswell Government Securities Corp.
Court of Appeals for the Fifth Circuit
Decided June 18, 1981No. 80-5325PublishedCited by 2 opinions
1Opinion of the Court
FRANK M. JOHNSON, Jr., Circuit Judge:
Appellant Westchester County Savings and Loan Association (“Westchester”) appeals from the district court’s order affirming two bankruptcy court orders and final judgments granting appellee Irving Trust Company’s (“Irving Trust”) motion for summary judgment. The orders of the courts below established Irving Trust’s pri- or and superior rights as a bona fide purchaser to the proceeds from the sale of two Government National Mortgage Association (“GNMA”) certificates. Westchester seeks on appeal to establish that Irving Trust is not a bona fide purchaser and…
2Cases cited16 opinions
- Commissioner v. GordonSupreme Court of the United States · 1968
- James M. Armstrong v. J. A. Collier, Superintendent of Mississippi State PenitentiaryCourt of Appeals for the Fifth Circuit · 1976
- Hall v. Bank of BlasdellNew York Court of Appeals · 1954
- Oscar Gruss & Son v. First State Bank of Eldorado and Philip Kane and Ralph W. ChoiserCourt of Appeals for the First Circuit · 1978
- E. Ward King and Myrtle C. King v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1972
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3Cited by2 opinions
- In the Matter of Legel, Braswell Government Securities Corp., Bankrupt. Westchester County Savings and Loan Association v. Legel, Braswell Government Securities Corp., Irving Trust Company v. Westchester County Savings and Loan AssociationCourt of Appeals for the Fifth Circuit · 1981
- In Re Legel Braswell Government Securities Corporation, Bankrupt. Plano Savings & Loan Association v. Irving Trust CompanyCourt of Appeals for the Eleventh Circuit · 1983