First Bank of WaKeeney v. Peoples State Bank

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that “[tjhe participant bank has no legal relationship with the borrower. The borrower’s and participant’s relationships are solely with the lead bank.”
• holding rights of participant banks stem from the express terms of the participation agreement
• “authorities state that a participating bank wanting control over decisions affecting modification or collection of loans ... must explicitly provide for that control in the participation agreement”

Source: CourtListener parenthetical corpus (CC0).