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BANK OF NEW ORLEANS & TRUST CO. v. MONCO AGENCY, INC.

No. CA 1375.

457 So.2d 221 (1984)

The BANK OF NEW ORLEANS AND TRUST COMPANY v. MONCO AGENCY, INC.

Court of Appeal of Louisiana, Fourth Circuit.

Rehearings Denied October 29, 1984.

Writ Denied December 7, 1984.

Attorney(s) appearing for the Case

Paul R. Valteau, Jr., John S. Sciambra, Salvadore Panzeca, Peter C. Rizzo, Tod M. Thedy, Jules A. Fontana, Jr., New Orleans, for defendant-appellee.

Curtis R. Boisfontaine, Sally A. Shushan, Louis L. Galvis, Robert E. Winn, and Henry W. Kinney, III, New Orleans, for plaintiff-appellant.

Before REDMANN, C.J., and KLEES, BYRNES, LoBRANO and WILLIAMS, JJ.

BYRNES, Judge.

This case involves an action on two promissory notes.

MONCO Agency, Inc., ["MONCO"] Defendant-Appellant is a holding company for Cotton Belt Insurance Company, ["CBIC"]. In the fall of 1981 MONCO transferred all of its financial accounts from the First National Bank of Commerce to The Bank of New Orleans and Trust Company, ["BNO"], Plaintiff-Appellee. This transfer was the apparent result of a concerted...

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