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BEAR, STEARNS & CO., INC. v. AMAD

No. 90-2308 Summary Calendar.

919 F.2d 920 (1990)

BEAR, STEARNS & CO., INC., Plaintiff-Appellant, v. M.T. AMAD, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

November 30, 1990.

Attorney(s) appearing for the Case

J. Michael Dorman, Karen L. Fannin, Liddell, Sapp, Zivley, Hill & LaBoon, Houston, Tex., for plaintiff-appellant.

Howard Nations, Randy G. Allen, Houston, Tex., defendant-appellee.

Before JOLLY, HIGGINBOTHAM and JONES, Circuit Judges.

E. GRADY JOLLY, Circuit Judge:

Bear, Stearns & Co., Inc. ("Bear Stearns") appeals the district court's order requiring it to accept $100,000 in cash and certain real property in satisfaction of defendant's judgment debt. Bear Stearns argues that the Texas Turnover Statute, Tex.Civ.Prac. & Rem.Code Ann. § 31.002(b)(2), does not authorize courts to order direct transfers of real property to judgment creditors. We agree and, therefore, reverse and remand...

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