First Nat. Bank of Grand Prairie v. Lone Star Life Ins.
| Decision Date | 15 October 1975 |
| Docket Number | No. B--5389,B--5389 |
| Citation | 529 S.W.2d 67,17 UCCRep.Serv. 1097 |
| Parties | 17 UCC Rep.Serv. 1097 FIRST NATIONAL BANK OF GRAND PRAIRIE, Texas, Petitioner, v. LONE STAR LIFE INSURANCE COMPANY, Respondent. |
| Court | Texas Supreme Court |
Haynes & Boone, Donald C. Templin, Dallas, for petitioner.
Jenkens & Gilchrist, William D. Sims, Jr., Dallas, for respondent.
The application of First National Bank of S.W.2d 525. In taking such action, we do no reversible error. Tex.Civ.App., 524 S.W.23d 525. In taking such action, we do not approve the holding that Chapter 9 of the Texas Business and Commerce Code controls the right of a bank to assert a set-off against the funds of a depositor. Section 9.104(9) of the Code excludes 'any right of set-off' from the application of Chapter 9.
To continue reading
Request your trial
28 cases
-
American Bank and Trust Co. v. Dallas County
...National Bank v. Lone Star Life Insurance Co., 524 S.W.2d 525, 531 (Tex.Civ.App.--Dallas 1975), writ ref'd n.r.e. per curiam, 529 S.W.2d 67, 68 (Tex.1975); Ace Drug Marts, Inc. v. Sterling, 502 S.W.2d 935, 940 (Tex.Civ.App.--Corpus Christi 1973, writ ref'd n.r.e.). Our granting of declarato......
-
Consolidated Nutrition, LC v. IBP, Inc.
...with set-offs out of the ambit of Article 9, making the priority provisions inapplicable as well. See, e.g., First Nat'l Bank v. Lone Star Life Ins. Co., 529 S.W.2d 67 (Tex.1975); Skilton, The Secured Party's Rights in a Debtor's Bank Account Under Article 9 of the Uniform Commercial Code, ......
-
Nat. Acceptance Co. of America v. Va. Capital Bank
...the creation of security interests, but also the various priority provisions of that Article. See, e. g., First National Bank v. Lone Star Life Ins. Co., 529 S.W.2d 67, 68 (Tex.1975) (disapproving a lower court's holding that § 9-104(i) did not preclude application of the Article 9 priority......
-
In re Coral Petroleum, Inc., Bankruptcy No. 83-02460-H2-5
...National Bank in Grand Prairie v. Lone Star Life Insurance Co., 524 S.W.2d 525, 533 (Tex.Civ. App.—Dallas), writ. ref'd n.r.e., 529 S.W.2d 67 (Tex.1975). The parties agree that the Tricentrol Note is not negotiable because it is not payable to bearer, and it is not a certified security. How......
Request a trial to view additional results