SECOND NAT. BANK OF HOUSTON v. PHILLIPS

No. 13297.

189 F.2d 115 (1951)

SECOND NAT. BANK OF HOUSTON v. PHILLIPS.

United States Court of Appeals Fifth Circuit.

Rehearing Denied June 28, 1951.


Attorney(s) appearing for the Case

Thad Grundy, Houston, Tex., for appellant.

Paul Strong, Houston, Tex., for appellee.

Before HUTCHESON, Chief Judge, and BORAH and RUSSELL, Circuit Judges.


HUTCHESON, Chief Judge.

The controversy which resulted in this appeal began with the filing by the bank, the appellant here, of its intervention, claiming a valid lien upon accounts receivable which had been assigned as security for a continuing line of credit it had furnished the bankrupt.

There followed: an answer and counter claim of the trustee, assailing the assignments as invalid, and alleging, in the alternative, that petitioner had two securities and...

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