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TWIN CITY SAV., FSA v. G. J. ROUSE CO.

No. 90 CA 1964.

595 So.2d 323 (1991)

TWIN CITY SAVINGS, FSA v. G.J. ROUSE COMPANY, INC.

Court of Appeal of Louisiana, First Circuit.

Rehearing denied March 13, 1992.

Attorney(s) appearing for the Case

James F. Quaid, Metairie, for defendant-appellant.

Daniel E. LaGrone, New Orleans, for plaintiff-appellee.

Before WATKINS, CARTER and FOIL, JJ.

WATKINS, Judge.

This is a suit on a note and real estate mortgage. On August 17, 1988, Twin City Savings, FSA (Twin City Savings) filed a petition for executory process with benefit of appraisal against G.J. Rouse Co., Inc. (Rouse).

On October 9, 1988, the Federal Home Loan Bank Board (FHLBB) declared the insolvency of Twin City Savings and appointed Federal Savings & Loan Insurance Corporation (FSLIC) as its...

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