Stettner v. Smith (In Re IFS Financial Corp.)

How courts have described this case

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

• recognizing that in determining the proper owner of funds deposited into a bank account, “Texas law counsels that the legal titleholder to a bank account is not always the owner of its contents.”
• noting that, under Texas law, “control over funds in an account is the predominant factor in determining an account’s ownership”
• applying Texas law, noting scant case law on the issue, and ruling “control is the primary determinant of ownership of bank accounts”
• finding transfers made under a fraudulent scheme that harmed the creditor body were fraudulent transfers
• applying Texas law to determine whether, under Section 544(b) of the Bankruptcy Code, bank accounts constituted “an interest of the debtor in property”
• applying Texas law to determine whether, under Section 544(b) of the Bankruptcy Code, bank accounts constituted “an interest of the debtor in property”

Source: CourtListener parenthetical corpus (CC0).