Dayton Reavis Corp. v. Rampart Capital Corp.

OPINION

VANCE, Justice.

We affirm a conditional interlocutory order appointing a receiver to take control of certain property that is the subject of disputed claims.

THE DISPUTE

Rampart Capital Corporation (Rampart) owned a note dated May 30, 1985, signed by Cameron Henderson Oil Company, Inc. (CHOC), payable to the First National Bank of Wortham. Rampart believed that it held a deed of trust to secure the note, covering three lots in Mexia to which Dayton Reavis Corporation (Dayton Reavis) held title. When Rampart posted the property for foreclosure, Dayton Reavis and CHOC sought injunctive…