Taylor v. Camel
This text of 586 So. 2d 151 (Taylor v. Camel) is published on Counsel Stack Legal Research, covering Louisiana Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
WRIT GRANTED AND MADE PEREMPTORY:
The trial court erred in dissolving the temporary restraining order. An Individual Retirement Account is an incorporeal not evidenced by a written instrument. As such, it can be pledged in accordance with La.R.S. 9:4321-4323. In the instant case, the requirements for a valid pledge were satisfied in that a written act of pledge was executed by the parties and an account executive of Thompson McKinnon Securities, Inc. signed an acknowledgment of receipt of the act of pledge.
Accordingly, the trial court’s judgment is reversed and set aside. It is ordered the temporary restraining order be reinstated.
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Cite This Page — Counsel Stack
586 So. 2d 151, 1991 La. App. LEXIS 2502, 1991 WL 185503, Counsel Stack Legal Research, https://law.counselstack.com/opinion/taylor-v-camel-lactapp-1991.