Legal Opinion
First National Bank in Grand Prairie v. Lone Star Life Insurance Co.
Court of Appeals of Texas
Decided February 27, 1975No. 18487PublishedCited by 52 opinions
1Opinion of the Court
AKIN, Justice.
Lone Star Life Insurance Company sued the First National Bank in Grand Prairie to recover $30,000 plus interest which the bank refused to pay on a non-negotiable certificate of deposit payable to T. H. Hamilton. Lone Star alleged that it owns the certificate of deposit by virtue of foreclosure under a security agreement between Lone Star and Hamilton. The certificate of deposit was purchased by Hamilton with funds from Lone Star simultaneously with the closing of a real estate loan transaction between Hamilton and Lone Star, and pledge of the certificate of deposit was one of…
2Cases cited14 opinions
- Levine v. PascalAppellate Court of Illinois · 1968
- Hudnall v. Tyler Bank and Trust CompanyTexas Supreme Court · 1970
- National Indemnity Co. v. Spring Branch State BankTexas Supreme Court · 1961
- Citizens National Bank of Dallas v. HillTexas Supreme Court · 1974
- Commercial Discount Corp. v. Milwaukee Western BankWisconsin Supreme Court · 1974
9 more not listed; retrieve them via the Exa API.
3Cited by52 opinions
- Continental Bankers Life Insurance Co. of the South v. Bank of AlamoTennessee Supreme Court · 1979
- First State Bank of Abernathy v. Holder (In Re Nivens)United States Bankruptcy Court, N.D. Texas · 1982
- Wightman v. American National Bank of RivertonWyoming Supreme Court · 1980
- Lexington Insurance Co. v. GrayCourt of Appeals of Texas · 1989
- Citizens Nat. Bank of Orlando v. BornsteinSupreme Court of Florida · 1979
47 more not listed; retrieve them via the Exa API.