Texas Supreme Court March 16, 1995, 94-1149 (Mauriceville National Bank v. Zernial)

PER CURIAM.

This case concerns a judgment of conversion against Mauriceville National Bank for exercising its contractual right to use a depositor’s funds to offset obligations on a debt. Mauriceville National Bank used proceeds deposited by Blount Construction, Inc., a building contractor and depositor, to offset overdue payments on several outstanding loans.