Court Opinion

ID: 9465285
Source: CourtListenerOpinion
Date Created: 2023-08-05 00:41:41.713573+00
Date Added: 2024-06-11T17:39:05.322896
License: Public Domain

ON REHEARING EN BANC
PER CURIAM.
This case was originally submitted to a panel of this court on April 12, 1978. The judgment of the District Court was affirmed in part and reversed in part by the panel opinion filed June 12, 1978. Thereafter, the motion of Bankers Life Company for rehearing en banc on the issue of the tax consequences of certain mortgage escrow funds was granted by order of the court dated July 14, 1978.
Part III of the panel opinion is now vacated. On rehearing en banc the judgment of the District Court on the issue of the tax consequences of mortgage escrow funds is affirmed by an equally divided court. Judges Gibson, Ross, Stephenson, and Henley vote to affirm the District Court. Judges Lay, Heaney, Bright, and McMillian vote to reverse.
In conformity with the portions of the panel opinion not vacated and with this opinion, the judgment of the District Court is affirmed in part and remanded for reconsideration of the question of due and deferred premiums.