Legal Opinion
Pallie v. Riggs National Bank
District of Columbia Court of Appeals
Decided July 24, 1997No. Nos. 95-CV-1818 & 96-CV-1031Published
1Opinion of the Court
FERREN, Associate Judge:
Anne Pallie appeals from a trial court decision that Riggs National Bank had a valid security interest in Pallie’s agency accounts maintained at Riggs. She also appeals from a separate trial court order refusing to hold Riggs in contempt for liquidating the accounts despite the automatic stay of the trial court’s judgment imposed by court rule. We agree with both trial court decisions and affirm in each appeal.
I. FACTS
On May 27, 1988, Anne Pallie signed a promissory note for $200,000 in favor of Riggs National Bank. The note was due on August 25,1988, with interest…
2Cases cited11 opinions
- Mid-Eastern Electronics, Inc. v. First National Bank of Southern Maryland, GarnisheeCourt of Appeals for the First Circuit · 1970
- Mitchell v. DavidDistrict of Columbia Court of Appeals · 1947
- State Bank of Young America v. Vidmar Iron Works, Inc.Supreme Court of Minnesota · 1980
- Marlyn Condominium, Inc. v. McDowellDistrict of Columbia Court of Appeals · 1990
- Hagans Management Co., Inc. v. NicholsDistrict of Columbia Court of Appeals · 1979
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