Citicorp Real Estate v. Banque Arabe Internationale Dinvestissement

This dispute concerns the validity and priority of judgment liens held by Banque Arabe Internationale DInvestissement ("Banque"), Interwest Savings Association ("Interwest"), Ameritrust Company, National Association ("Ameritrust") and Citicorp Real Estate, Inc. ("Citicorp") against all property owned by Clint W. Murchison, Jr., in Dallas County, Texas. Ameritrust, Interwest, Banque and Citicorp each sought a declaratory judgment pursuant to Tex. Civ. Prac. & Rem. Code Ann. sections 37.001 et. seq. (Vernon 1986), declaring its lien valid. Citicorp also sought a declaration that the abstracts of judgment filed by Interwest and Banque were insufficient to create valid judicial liens. The cases were consolidated and each party filed its motion for summary judgment.