1. Home
  2. Browse Decisions
  3. F.2d
  4. 725 F.2d
  5. 725 F.2d 634 (1984)
 

F.D.I.C. v. MERCHANTS NAT. BANK OF MOBILE

No. 82-7351.

725 F.2d 634 (1984)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellee, v. The MERCHANTS NATIONAL BANK OF MOBILE, Defendant-Appellant.

United States Court of Appeals, Eleventh Circuit.

February 24, 1984.

Attorney(s) appearing for the Case

Brock B. Gordon, Alan C. Christian, Mobile, Ala., for defendant-appellant.

Joseph B. Mays, Jr., Birmingham, Ala., Donald J. Stewart, Mobile, Ala., for plaintiff-appellee.

Before GODBOLD, Chief Judge, RONEY and SMITH, Circuit Judges.

GODBOLD, Chief Judge:

I. Introduction

By 12 U.S.C. Sec. 1823(e) (1976) Congress gave to assets acquired by the Federal Deposit Insurance Corporation special protections that are not available to ordinary holders of commercial paper and are not dependent on whether FDIC would qualify as a holder in due course under state law. This case concerns application of Sec. 1823(e) to an asset acquired by FDIC from a failed bank. Section 1823(e) provides:

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases