HANNIGAN v. FIRST STATE BANK-WYLIE

No. 05-84-00674-CV.

700 S.W.2d 7 (1985)

William v. HANNIGAN and Lucille Hannigan, Appellants, v. FIRST STATE BANK-WYLIE, Texas, Appellee.

Court of Appeals of Texas, Dallas.

Rehearing Denied November 19, 1985.


Attorney(s) appearing for the Case

R. Spencer Shytles, Graham, Bright & Smith, Dallas, for appellants.

Jack M. Pepper, Or & McWilliams, McKinney, for appellee.

Before GUITTARD, C.J., and AKIN and STOREY, JJ.


STOREY, Justice.

William V. Hannigan and Lucille Hannigan filed a declaratory judgment action against First State Bank—Wylie, Texas, seeking a declaration of the rights of all parties under the Bank's security agreement which covered certain shares of stock given as security for a loan made by the Bank to the Hannigans. The Bank contends on appeal that the stock stood as security for the Hannigans' note and, as well...

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