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DE ANZA LAND AND LEISURE CORP. v. F.D.I.C.

1 CA-CIV 5538.

135 Ariz. 537 (1983)

662 P.2d 1044

DE ANZA LAND AND LEISURE CORP., an Arizona corporation, Plaintiff-Appellee, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver of the San Francisco National Bank, Defendant-Appellant.

Court of Appeals of Arizona, Division 1, Department B.

Rehearing Denied March 2, 1983.

Review Denied April 26, 1983.

Attorney(s) appearing for the Case

Lewis & Roca by John P. Frank, Joseph E. McGarry, Susan M. Freeman, Geoffrey H. Walker, Phoenix, for defendant-appellant.

Fennemore, Craig, von Ammon & Udall by John J. O'Connor III, Scot Butler III, Leigh Brecheen, Phoenix, for plaintiff-appellee.

OPINION

GRANT, Judge.

The basic issue raised by this appeal is whether successive judgment renewals have always been effective in Arizona. Facts necessary to determine this issue and certain collateral issues are as follows.

In the action below appellee De Anza Land and Leisure Company (De Anza) claimed an interest in monies due on a promissory note from Ray Development Company to Capitol Coal and Coke Company...

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