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NEVADA STATE BANK v. JAMISON FAM. PART.

No. 20468.

801 P.2d 1377 (1990)

NEVADA STATE BANK, a Nevada Corporation, Appellant/Cross-Respondent, v. The JAMISON FAMILY PARTNERSHIP, a Nevada Limited Partnership; The Golden Spike Corporation, A Nevada Corporation, dba Chuck's Golden Spike Casino; D.I. Jamison; Claire Jamison and J.R. ("Spike") Jamison, Respondents/Cross-Appellants.

Supreme Court of Nevada.

November 28, 1990.

Attorney(s) appearing for the Case

Jolley, Urga, Wirth & Woodbury and Jay Earl Smith, Las Vegas, for appellant/cross-respondent.

Allison, MacKenzie, Hartman, Soumbeniotis & Russell and Karen A. Peterson, Carson City, for respondents/cross-appellants.

OPINION

PER CURIAM:

THE FACTS

On November 8, 1977, Nevada State Bank (Bank) loaned $1,000,000.00 to the Jamison Family Partnership and the Golden Spike Corporation (Golden Spike). The loan was originally secured by the Golden Spike Casino, a thirty-seven (37) acre parcel of real property located in Henderson, Nevada, and a pledge of 3,439 shares of Greyhound stock. However, within two years of the loan, the Bank had relinquished its security interest...

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