McREYNOLDS v. CHEROKEE INS. CO.


896 S.W.2d 777 (1994)

Elaine McREYNOLDS, Commissioner of Commerce and Insurance for the State of Tennessee as Receiver for Cherokee Insurance Company, Petitioner, v. CHEROKEE INSURANCE COMPANY, Respondent. David S. WEED, Special Deputy Commissioner of Insurance for the Rehabilitation of Cherokee Insurance Company, Plaintiff/Appellant, v. DIAMOND FINANCIAL HOLDINGS, INC., Defendant/Appellee.

Court of Appeals of Tennessee, Middle Section.

Rehearings Denied October 13, 1994 and December 21, 1994.

Permission to appeal Denied April 3, 1995.


Attorney(s) appearing for the Case

Michael L. Dagley, Michael Hinchion, and Garry K. Grooms, Nashville, for plaintiff/appellant.

Val Sanford, Nashville, and John Deq. Briggs, III and Michael J. Hurley, Washington, DC, for defendant/appellee.


Permission to appeal Denied by Supreme Court April 3, 1995.

OPINION

CANTRELL, Judge.

This is an action by the Special Deputy Commissioner of Insurance for the Rehabilitation of Cherokee Insurance Company, against Cherokee's owner, Diamond Financial Holdings, Inc., for the amounts allegedly due under a tax sharing agreement. The Chancery Court of Davidson County granted summary judgment to Diamond, holding that the agreement was terminated...

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