Friday, November 30, 2012

Eleventh Circuit -- Iberiabank v. Beneva 41-1, LLC, et al.


As FDIC has power to enter into contracts on behalf of banks in recievership, third party cannot terminate sublease agreement based on the transfer of the agreement from the bank to the FDIC. 

(Quick summary prepared from first page.)

Iberiabank v. Beneva 41-1, LLC, et al.

Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.