First National Bank of Grand Prairie v. Lone Star Life Insurance Co.
Texas Supreme Court
First National Bank of Grand Prairie v. Lone Star Life Insurance Co., 529 S.W.2d 67 (Tex. 1975)
17 U.C.C. Rep. Serv. (West) 1097; 19 Tex. Sup. Ct. J. 17; 1975 Tex. LEXIS 256
First National Bank of Grand Prairie v. Lone Star Life Insurance Co.
Opinion of the Court
The application of First National Bank of Grand Prairie for writ of error is refused, no reversible error. Tex.Civ.App., 524 S.W.2d 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.
Reference
- Full Case Name
- FIRST NATIONAL BANK OF GRAND PRAIRIE, Texas v. LONE STAR LIFE INSURANCE COMPANY
- Cited By
- 16 cases
- Status
- Published