Colvin v. Alta Mesa Resources, Inc.

OPINION

ANDELL, Justice.

This is an appeal from a summary judgment declaring ownership of disputed mineral interests in appellee, Alta Mesa Resources, Inc. (Alta Mesa). Appellants, Gerald D. Col-vin, Jr. (Colvin) and Amsouth Bancorporation (Amsouth), also claimed ownership of the interests. In two points of error, Colvin and Amsouth assert Alta Mesa was neither a bona fide purchaser, nor an innocent purchaser for value of the disputed mineral interests.

The fundamental issue presented by this appeal is whether an owner of an individual retirement account (IRA) can assign the assets held by the…