First National Bank of Kerrville v. O'Dell

How courts have described this case

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

• holding doctrine did not apply when creditor paid off other creditors’ liens, without benefit to debtor
• providing that satisfaction of the underlying debt discharges the lien
• discussing discharge of a lien through judicial foreclosure or satisfaction of the note
• bank not entitled to equitable subrogation from debtor when it purchased notes and renewed liens for its own benefit
• where “[b]ank through its ‘secret’ (as to [junior lienholder]) foreclosure would obtain the title and extra equity” and deprive junior lienholder of his interest, court “would not allow such an inequitable result under the guise of ‘equitable’ subrogation”

Source: CourtListener parenthetical corpus (CC0).