Southwest Bank v. Information Support Concepts, Inc.

CourtTexas Supreme Court
DecidedOctober 22, 2004
Docket02-0946
StatusPublished

This text of Southwest Bank v. Information Support Concepts, Inc. (Southwest Bank v. Information Support Concepts, Inc.) is published on Counsel Stack Legal Research, covering Texas Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Southwest Bank v. Information Support Concepts, Inc., (Tex. 2004).

Opinion

IN THE SUPREME COURT OF TEXAS


════════════

No. 02-0946


Southwest Bank, Petitioner


v.


Information Support Concepts, Inc., Respondent


════════════════════════════════════════════════════

On Petition for Review from the

Court of Appeals for the Second District of Texas



Argued November 5, 2003


            Chief Justice Jefferson delivered the opinion of the Court.


            In this case, we must determine whether Chapter 33 of the Texas Civil Practice and Remedies Code applies to a conversion action brought under Texas Business and Commerce Code section 3.420. The trial court granted Information Support Concept’s summary judgment motion, which asserted that Southwest Bank was liable for conversion and could not join a responsible third party to the action, and the court of appeals affirmed. Because we agree that Chapter 33 does not govern a UCC-based conversion claim, we affirm the court of appeals’ judgment.

I

Background


            An Information Support Concepts (“ISC”) employee, Kelly Rasco, stole multiple checks, payable to ISC, over an eighteen-month period. She then deposited the checks – approximately 183 of them, totaling more than $300,000 – into her personal account at Southwest Bank. Although ISC did not have an account with Southwest Bank, and the checks did not bear an ISC endorsement or signature, Southwest Bank nevertheless accepted the deposits for Rasco’s personal account and secured payment on those checks.

            Pursuant to Texas Business and Commerce Code section 3.420, ISC brought a conversion action against Southwest Bank. Southwest Bank answered and sought leave to join Rasco, her husband, and ISC’s chief financial officer as responsible third parties pursuant to Texas Civil Practice and Remedies Code Chapter 33. The trial court denied Southwest Bank’s motion on the ground that the bank was not entitled to apportion responsibility. ISC then moved for summary judgment on liability for conversion and actual damages. The trial court granted ISC’s motion and entered a final judgment against Southwest Bank for actual damages ($328,252) plus prejudgment interest ($38,291.20).

            Southwest Bank appealed, complaining that the trial court erred by refusing to allow joinder of Rasco as a responsible third party. 85 S.W.3d 462, 464. While Southwest Bank did not deny that it converted the checks stolen by Rasco, it contended that Rasco shared responsibility for the conversion and should be held proportionately liable. Id. at 466. The court of appeals rejected Southwest Bank’s arguments and affirmed the trial court’s judgment. Id. at 463. The court of appeals noted that under the Uniform Commercial Code (“UCC”), it was the depositary bank’s obligation to verify an endorsement. Id. at 465. The court held that when two statutes conflict, courts must give effect to the specific (here, the UCC) over the general (Chapter 33). Id. at 467 (citing Tex. Gov’t Code § 311.026). Additionally, the court noted that recent UCC amendments demonstrated a discrete legislative fault scheme uniquely applicable to banks. Id. Thus, the court of appeals concluded “that the proportionate responsibility statute set forth in chapter 33 of the civil practice and remedies code does not apply to a UCC section 3.420 claim for conversion.” Id. at 468.

            Southwest Bank presents a single issue for our review: whether a bank, facing a conversion claim resulting from the theft of an employer’s checks by an employee who deposited those checks in the bank, is entitled to join the thief as a responsible third party in the conversion action.

II

A

UCC Revised Article 3

            In an effort to accommodate modern technologies and practices in payment systems and with respect to negotiable instruments, the American Law Institute (“ALI”) and the National Conference of Commissioners on Uniform State Laws (the “Commissioners”) drafted a revised version of UCC Article 3 (“Revised Article 3"), with corresponding amendments to Articles 1 and 4. See Uniform Commercial Code, 2004 Official Text and Comments, prefatory note to Revised Article 3. In 1990, the ALI and the Commissioners approved the new text of Revised Article 3 with miscellaneous and conforming amendments to Articles 1 and 4. 4 William D. Hawkland & Lary Lawrence, Uniform Commercial Code Series § 3-101:1 (1999). The American Bar Association approved the Official Text in 1991. Daryl B. Robertson, Report of the Commercial Code Committee of the Section of Business Law of the State Bar of Texas on Revised UCC Articles 3 and 4, 47 Baylor L. Rev. 425, 429 (1995).

            The Business Law Section of the State Bar of Texas formed a Commercial Code Committee in 1988 for the purpose of studying and making recommendations with respect to new and revised Articles to the UCC. Id. at 428. Over the course of several years and numerous meetings, that committee analyzed Revised Articles 3 and 4, with the goal of making a recommendation to the Legislature in conjunction with the 1995 Texas legislative session. Id. at 430. The committee recommendation included a complete deletion of existing Chapter 3 and adoption of a new revised Chapter 3; revisions of selected sections in Chapter 4; and conforming amendments to Chapters 1 and 9 of the Business and Commerce Code. Id. at 433. Representative Grusendorf introduced as House Bill 1728 the committee’s recommended revisions to Chapters 3 and 4. Tex. H.B. 1728, 74th Leg., R.S. (1995), 1995 Tex. Gen. Laws 4582. The bill, with some amendments, was passed by the House and Senate, signed by the Governor, and became effective January 1, 1996. Act of May 29, 1995, 74th Leg., R.S., ch. 921, § 1, 1995 Tex. Gen. Laws 4582.

            Revised Article 3 included UCC section 3-420, adopted verbatim by the Texas Legislature. See Tex. Bus. & Com. Code § 3.420. That section, entitled “Conversion of Instrument,” provides that “[a]n instrument is . . . converted if it is taken by transfer, other than a negotiation, from a person not entitled to enforce the instrument or a bank makes or obtains payment with respect to the instrument for a person not entitled to enforce the instrument or receive payment.” Id. § 3.420(a). Section 3.420 limits a plaintiff’s recovery to the amount of the plaintiff’s interest in the instrument. Id. § 3.420(b). Section 3.420, like its predecessor section 3.419, reflects the rationale that the first bank in the collection chain is usually in the best position to ensure that endorsements are authentic. See Ames v. Great S. Bank, 672 S.W.2d 447, 450 (Tex. 1984).

B

Responsible Third Parties


            

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Southwest Bank v. Information Support Concepts, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/southwest-bank-v-information-support-concepts-inc-tex-2004.