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MATTER OF UNITED SOUTHERN BANK

718 S.W.2d 251 (1986)

In the Matter of the Liquidation of UNITED SOUTHERN BANK OF NASHVILLE, Nashville, Tennessee, a Tennessee Banking Corporation.

Supreme Court of Tennessee.

October 6, 1986.

Attorney(s) appearing for the Case

Val Sanford, Dick Lansden, William L. Brooks, Lew Conner, Aubrey B. Harwell, Jr., Thomas P. Kanaday, Jr., Robert P. Ziegler, Herbert R. Rich, Richard Lodge, Frank C. Gorrell, R. Dale Grimes, Nashville, for applicants.

G.W. Morton, Jr., Rex R. Veal, Knoxville, for appellee.

OPINION

FONES, Justice.

This is a Rule 10 application. Appellants filed a motion to intervene in a bank receivership, pursuant to Tennessee Rules of Civil Procedure 24. Two of appellants are stockholders and they and the other appellants are former Directors of the United Southern Bank of Nashville (USBN).

The trial judge held that although the Court had been asked to and had approved a sale of the assets of USBN to Union Planters National Bank of...

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