LEGACY BANK v. FAB TECH DRILLING EQUIPMENT

No. 11-16-00356-CV.

566 S.W.3d 922 (2018)

LEGACY BANK, Appellant v. FAB TECH DRILLING EQUIPMENT, INC. and Impulse Electric, Ltd., Appellees.

Court of Appeals of Texas, Eastland.

Opinion filed December 31, 2018.


Attorney(s) appearing for the Case

Derek Cook , Harper Estes , Lunch, Chappell & Alsup. P.C., Midland, TX, Marc R. May , Woods, May & Matlock, P.C., Frisco, TX, for Appellee.

Karen M. Neeley , Kennedy Sutherland, LLP, Austin, TX, for Amicus Curiae.

Bradley H. Bains , David W. Lauritzen , Samuel J. Stennis , Cotton, Bledsoe, Tighe & Dawson, P.C., Midland, TX, for Appellant.

Panel consists of: Bailey, C.J., Willson, J., and Wright, S.C.J.


OPINION

This case presents a question of first impression in this State: whether the holder of a prior perfected security interest waives its priority right to collateral by failing to declare default or otherwise take an affirmative action to foreclose on the collateral prior to a judgment lien creditor...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases