Taylor v. Camel

Louisiana Court of Appeal

Taylor v. Camel

586 So. 2d 151, 1991 La. App. LEXIS 2502, 1991 WL 185503

Louisiana Court of Appeal·Decided September 19, 1991·No. No. W91-949·Published·Cited by 2 cases

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.

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

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.

Taylor v. Camel, 586 So. 2d 151, 1991 La. App. LEXIS 2502, 1991 WL 185503 (La. Ct. App. 1991).

Pincite

586 So. 2d 151 (Taylor v. Camel) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

Related