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GREAT COM. LIFE INS. CO. v. BANCO OBRERO de AHORRO

No. 76-1493. Summary Calendar.

535 F.2d 331 (1976)

GREAT COMMONWEALTH LIFE INSURANCE COMPANY, Plaintiff-Appellant, v. BANCO OBRERO de AHORRO Y PRESTAMOS de PUERTO RICO, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

July 19, 1976.

Attorney(s) appearing for the Case

Ray Besing, Troy D. Phillips, S. Stewart Frazer, Dallas, Tex., for plaintiff-appellant.

H. Dee Johnson, Jr., Dallas, Tex., for defendant-appellee.

Before COLEMAN, GEE and TJOFLAT, Circuit Judges.

PER CURIAM:

This case presents an inquiry into the in personam jurisdiction of a federal court applying the Texas long-arm statute. Plaintiff deposited $50,000 in a Puerto Rican bank, Banco Obrero. This was done to facilitate a loan by Banco Obrero to an employee of Great Commonwealth Life Insurance Company. This dispute arises over whether the deposit was to be considered collateral for the employee's loan, which is now in default. The bank refuses to return...

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