RESOLUTION TRUST CORP. v. SCOTTSDALE

No. 1 CA-TX 92-0002.

177 Ariz. 234 (1993)

866 P.2d 902

RESOLUTION TRUST CORPORATION, an agency of the United States, as receiver for First American Savings, Inc., an Arizona corporation, Plaintiff-Appellant, v. CITY OF SCOTTSDALE, an Arizona municipal corporation, Defendant-Appellee.

Court of Appeals of Arizona, Division 1, Department T.

December 28, 1993.


Attorney(s) appearing for the Case

Stoops & Burns, P.C. by Timothy G. Burns, Daniel L. Kloberdanz, Phoenix, for plaintiff-appellant.

Office of the City Atty. by Jenae R. Naumann, Asst. City Atty., Scottsdale, for defendant-appellee.


OPINION

FIDEL, Judge.

Resolution Trust Corporation (RTC), the receiver for First American Savings, Inc., a defunct savings and loan association, appeals from summary judgment granted to the City of Scottsdale rejecting First American's claim for a refund of transaction privilege taxes. First American was charged the taxes on the sale of a house that it had acquired at a trustee sale from a debtor — a speculative...

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