Thursday, February 9, 2012

Fifth Circuit Case Deals with Question of Bank Account owner

An interesting case coming out of the Fifth Circuit in January of 2012, Stettner v. Smith, seems to hold that a court, applying Texas law, can decide that whether or not something is property (here a bank account) of a company is decided by control of the property or funds and not the entity name on the bank account.  Worth a read.