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WEBER v. NEW WEST FEDERAL SAVINGS & LOAN ASSN.

Docket No. F016069.

10 Cal.App.4th 97 (1992)

12 Cal. Rptr.2d 468

PHILIP WEBER et al., Plaintiffs and Appellants, v. NEW WEST FEDERAL SAVINGS AND LOAN ASSOCIATION, Defendant and Respondent.

Court of Appeals of California, Fifth District.

September 11, 1992.

Attorney(s) appearing for the Case

COUNSEL

Douglas L. Hurt for Plaintiffs and Appellants.

Brown & Wood, Richard B. Schreiber and Michael S. Danko for Defendant and Respondent.

OPINION

BIANCHI, J.* —

INTRODUCTION

Title 12 United States Code section 1823(e) (section 1823(e)) is a section of the Federal Deposit Insurance Act which invalidates certain agreements between a bank and its obligor(s) that tend to diminish the interest of the Federal Deposit Insurance Corporation (FDIC) in assets acquired by it in its corporate capacity. In sum, section 1823(e) provides...

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