Legal Opinion
Federal Deposit Insurance v. Adams
Court of Appeals of Arizona
Decided June 27, 1996No. 1 CA-CV 94-0121PublishedCited by 16 opinions
1Opinion of the Court
OPINION
PATTERSON, Judge.
This case involves the application of the doctrine derived from the U.S. Supreme Court’s decision in D’Oench, Duhme & Co. v. Federal Deposit Ins. Corp., 315 U.S. 447, 62 S.Ct. 676, 86 L.Ed. 956 (1942), codified in 12 U.S.C. § 1823(e) 1 .This doctrine gives special protection to assets acquired by the Federal Deposit Insurance Corporation (“FDIC”) that are not available to ordinary holders of commercial paper. Here, FDIC in its capacity as receiver is seeking to recover under a promissory note executed by the defendants. We must determine whether FDIC may invoke the…
2Cases cited33 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Orme School v. ReevesArizona Supreme Court · 1990
- Fed. Sec. L. Rep. P 98,654 William L. Gunter and Camille S. Gunter v. Theodore M. HutchesonCourt of Appeals for the Eleventh Circuit · 1982
- Gold-Mining Co. v. National BankSupreme Court of the United States · 1878
- Federal Deposit Insurance Corporation, Etc., and v. Santino D. Meo, AndCourt of Appeals for the Ninth Circuit · 1974
28 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Leonard v. Dorsey & Whitney LLPCourt of Appeals for the Eighth Circuit · 2009
- Bennett v. Appaloosa Horse ClubCourt of Appeals of Arizona · 2001
- Great Western Bank v. LJC Development, LLCCourt of Appeals of Arizona · 2015
- McMann v. City of TucsonCourt of Appeals of Arizona · 2002
- In Re Okura & Co. (America), Inc.United States Bankruptcy Court, S.D. New York · 2000
11 more not listed; retrieve them via the Exa API.