(DOWNLOAD) "Commerce Federal Savings Bank V. Federal Deposit Insurance Corp." by United States Court Of Appeals For The Sixth Circuit * eBook PDF Kindle ePub Free
eBook details
- Title: Commerce Federal Savings Bank V. Federal Deposit Insurance Corp.
- Author : United States Court Of Appeals For The Sixth Circuit
- Release Date : January 17, 1989
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 81 KB
Description
Commerce Federal Savings Bank (Commerce Federal), the plaintiff-appellant in this case, has appealed from judgment granted in favor of the Federal Deposit Insurance Corporation (FDIC), defendant-appellee, following a bench trial. Commerce Federal had commenced this action in state court alleging full payment and satisfaction of the indebtedness secured by a deed of trust, seeking to enjoin the FDIC to release the deed of trust impressed upon certain real property, and requesting imposition of statutory penalties, punitive damages, costs and attorney's fees against the FDIC pursuant to Tennessee law for the failure of the FDIC to have released the deed of trust. The case was duly removed to the United States District Court for the Eastern District of Tennessee. The district court decided that Commerce Federal was precluded from initiating this action against the FDIC by the terms of 12 U.S.C.A. § 1823(e) (West Supp. 1988).