Fergus M. Ginther v. Bank of America, N.A., Formerly NationsBank of Texas, N.A., Predecessor Trustee

CourtCourt of Appeals of Texas
DecidedMay 28, 2010
Docket01-08-00430-CV
StatusPublished

This text of Fergus M. Ginther v. Bank of America, N.A., Formerly NationsBank of Texas, N.A., Predecessor Trustee (Fergus M. Ginther v. Bank of America, N.A., Formerly NationsBank of Texas, N.A., Predecessor Trustee) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Fergus M. Ginther v. Bank of America, N.A., Formerly NationsBank of Texas, N.A., Predecessor Trustee, (Tex. Ct. App. 2010).

Opinion

Opinion issued May 28, 2010









In The

Court of Appeals

For The

First District of Texas





NO. 01-08-00430-CV





FERGUS M. GINTHER, Appellant


V.


BANK OF AMERICA, N.A., FORMERLY NATIONSBANK OF TEXAS, N.A., PREDECESSOR TRUSTEE AND PREDECESSOR EXECUTOR, Appellee





On Appeal from Probate Court No. 3

Harris County, Texas

Trial Court Cause No. 231749–407





MEMORANDUM OPINION


          Appellant, Fergus M. Ginther, appeals from the trial court’s order granting the motion of appellee, Bank of America, N.A., formerly Nationsbank of Texas, N.A., Predecessor Trustee and Predecessor Executor (“BOA”), to strike Fergus’s plea in intervention and for summary judgment on Fergus’s claims.

          In two issues, Fergus contends that the trial court erred by granting BOA’s (1) motion to strike his petition in intervention and (2) motion for summary judgment.

          We modify the judgment of the trial court and affirm as modified.

Summary of Facts and Procedural History

          Noble C. Ginther was a successful Texas oilman. He and his wife, Minnie, had four children—Noble, Jr., Marilyn, Edmond, and Fergus. This appeal concerns Fergus’s interests.

          In the 1980s, as part of their estate plan, Noble and Minnie each executed a will and, together, they created four trusts: (1) the Ginther Revocable Trust, (2) the Ginther Irrevocable Trust, (3) the GST Trust Agreement, and (4) the Ginther Educational Trust. Under the terms of each will, River Oaks Bank was named executor and the children were named beneficiaries. In each of the trusts, with conditions and exceptions not pertinent to this appeal, River Oaks Bank was named trustee, and the children were named beneficiaries (upon the deaths of Noble and Minnie). Noble and Minnie conveyed into the Revocable Trust most of their significant assets, including their interest in the 2033-acre El Dorado Ranch and Country Club, their home in River Oaks, and various oil and gas interests.An incorporation of the background litigation is helpful to a more thorough understanding of the suit before us. Prior to the events at issue, Noble owned an interest, held by the Revocable Trust, and was an operator in, the Sarco Creek Field (“the Field”), a lucrative oil and gas reserve in South Texas. NationsBank of Tex. N.A. v. Akin, Gump, Hauer & Feld, L.L.P., 979 S.W.2d 385, 389 (Tex. App.—Corpus Christi 1998, pet. denied). The relevant working-interest owners in the Field included Conoco and the Hyder-Rowan Group. Advent Trust Co. v. Hyder, 12 S.W.3d 534, 537 (Tex. App.—San Antonio 1999, pet. denied). In 1989, Noble, Conoco, and Hyder entered into a farmout agreement with CPX Petroleum, Inc., which allowed CPX to produce 1,000 acres of the Field, but only from gas formations not already under production. NationsBank, 979 S.W.2d at 389. Based on its review of Texas Railroad Commission records, CPX drilled test wells in what it believed to be a potentially rich gas zone and found gas at the 4050' level. Id. Unbeknownst to CPX, however, Noble was already producing from the 4050' formation. Id. When Noble informed CPX that it could not produce from the 4050' formation, CPX pointed to Commission records, which did not reflect any production from the 4050' zone. Id. CPX sued Noble, Conoco, and Hyder, asserting that they had failed to properly file production records with the Commission and seeking $25 million in actual damages. Hyder, 12 S.W.3d at 537; NationsBank, 979 S.W.2d at 389–90.

          While the litigation was pending, on September 8, 1989, Noble died. In addition, in December 1991, River Oaks Bank was succeeded by BOA as trustee of the Ginther trusts and executor of Noble’s estate. In 1992, BOA created four additional trusts—the Noble C. Ginther, Jr. Life Insurance Trust, the Edmund L. Ginther Life Insurance Trust, the Marilyn Ginther DeShong Life Insurance Trust, and the Fergus M. Ginther Life Insurance Trust (“the life insurance trusts”). In each trust, Minnie was the insured, BOA was the trustee, and the beneficiary was the named child. According to Fergus, the premiums on the policies were high because of Minnie’s advanced age and BOA paid the premiums by borrowing from the Revocable Trust and borrowing against the policies themselves.

          Later in 1992, the Texas Railroad Commission determined that the operators of the Sarco Creek Field had violated Commission reporting requirements and had engaged in illegal, commingled production. Hyder, 12 S.W.3d at 538. Following the Commission’s decision, Conoco settled with CPX for $1.9 million and Hyder settled by forfeiting its interest in the Field. Hyder, 12 S.W.3d at 538. BOA, acting as trustee of the Revocable Trust and as executor of Noble’s estate, elected to move forward with the suit. NationsBank, 979 S.W.2d at 390 & n.5. Six days after trial began, however, BOA settled with CPX, paying it $1.5 million and surrendering Noble’s interest in the Field. Id. at 390.

          In 1994, Hyder sued Noble’s estate, seeking to recover the value of the interest in the Sarco Creek Field that it had surrendered to CPX. Hyder, 12 S.W.3d at 538. While the Hyder litigation was pending, BOA sought “to resign as trustee of all of the trusts. On June 4, 1996, the trial court granted BOA’s application and appointed Advent Trust Company as successor trustee of all of the trusts. The court ordered BOA to file a final accounting within 45 days. The trial court’s order states, “Upon the Court’s Order, [BOA] will be relieved and discharged in whole or in part from any and all liability in regard to its administration of the aforementioned trusts.”

          On July 16, 1996, BOA filed its final accounting and petitioned for final discharge as trustee.

          In addition, BOA filed an application to resign as successor independent executor of Noble’s estate and for approval of its final accounting.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Ginther v. Ginther Trusts
238 F.3d 686 (Fifth Circuit, 2001)
West Orange-Cove Consolidated I.S.D. v. Alanis
107 S.W.3d 558 (Texas Supreme Court, 2003)
In Re Union Carbide Corp.
273 S.W.3d 152 (Texas Supreme Court, 2008)
Moon v. Lesikar
230 S.W.3d 800 (Court of Appeals of Texas, 2007)
Texas Ass'n of Business v. Texas Air Control Board
852 S.W.2d 440 (Texas Supreme Court, 1993)
Advent Trust Co. v. Hyder
12 S.W.3d 534 (Court of Appeals of Texas, 1999)
In Re Estate of Webb
266 S.W.3d 544 (Court of Appeals of Texas, 2008)
Harris County v. Luna-Prudencio
294 S.W.3d 690 (Court of Appeals of Texas, 2009)
In Re Smith
260 S.W.3d 568 (Court of Appeals of Texas, 2008)
Beard v. Commission for Lawyer Discipline
279 S.W.3d 895 (Court of Appeals of Texas, 2009)
Guaranty Federal Savings Bank v. Horseshoe Operating Co.
793 S.W.2d 652 (Texas Supreme Court, 1990)
Ghidoni v. Stone Oak, Inc.
966 S.W.2d 573 (Court of Appeals of Texas, 1998)
National Union Fire Insurance Co. of Pittsburgh v. Pennzoil Co.
866 S.W.2d 248 (Court of Appeals of Texas, 1993)
Mendez v. Brewer
626 S.W.2d 498 (Texas Supreme Court, 1982)
Interfirst Bank-Houston, N.A. v. Quintana Petroleum Corp.
699 S.W.2d 864 (Court of Appeals of Texas, 1985)
NationsBank of Texas, N.A. v. Akin, Gump, Strauss, Hauer & Feld, L.L.P.
979 S.W.2d 385 (Court of Appeals of Texas, 1998)
Metromedia Long Distance, Inc. v. Hughes
810 S.W.2d 494 (Court of Appeals of Texas, 1991)
Beutel v. Dallas County Flood Control District, No. 1
916 S.W.2d 685 (Court of Appeals of Texas, 1996)
Houston Lighting & Power Co. v. City of San Antonio
896 S.W.2d 366 (Court of Appeals of Texas, 1995)

Cite This Page — Counsel Stack

Bluebook (online)
Fergus M. Ginther v. Bank of America, N.A., Formerly NationsBank of Texas, N.A., Predecessor Trustee, Counsel Stack Legal Research, https://law.counselstack.com/opinion/fergus-m-ginther-v-bank-of-america-na-formerly-nat-texapp-2010.