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FEDERAL DEPOSIT INS. CORP. v. NUECES COUNTY

No. D-4397.

886 S.W.2d 766 (1994)

FEDERAL DEPOSIT INSURANCE CORPORATION, as receiver for NBC Bank-South Texas, N.A., Petitioner, v. NUECES COUNTY and Robstown Independent School District, Respondents.

Supreme Court of Texas.

Filed October 13, 1994.

Rehearing Overruled November 3, 1994.

Attorney(s) appearing for the Case

Anne S. DuRoss, Colleen Bombardier, David N. Wall, Washington, DC, Darryl W. Brown, Judith G. Taylor, San Antonio, Lawrence H. Richmond, Washington, DC, for petitioner.

Kent M. Rider, Lynda D. Helton, Austin, for respondents.

C.M. Henkel, III, Henkel Hyden & Putnam, Corpus Christi.

CORNYN, Justice, delivered the opinion of the Court, in which all Justices join.

The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) provides in part:

No property of the [Federal Deposit Insurance] Corporation shall be subject to levy, attachment, garnishment, foreclosure, or sale without the consent of the Corporation, nor shall any involuntary lien attach to the property of the Corporation.

12 U.S.C. § 1825(b)(2) (1989...

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