This case comes from a decision of the United States District Court for the Western District of Texas, the Honorable James R. Nowlin, presiding. In this case, the district court granted summary judgment in favor of the Plaintiff-Appellee, the Federal Deposit Insurance Corporation (“the FDIC”), and revived a judgment against the Defendant-Appellant, Orrin Shaid, Jr. (“Shaid”). Shaid timely appealed, and the matter now lies before this panel.
Background
On October 9,1985, the FDIC, as Receiver of the Ranehlander National Bank, recovered a Final Judgment against Shaid in the amount of $5,790,419.83, to bear interest from that date at the rate of 7.87 percent per annum until paid (“the Judgment”). 1 No writ of execution was ever issued against Shaid on the Judgment. The Judgment became dormant for lack of execution ten years later. See Tex.Civ.Prac. & Rem.Code Ann. § 34.001(a) (Vernon 1997). No amount of the Judgment has ever been paid.
On April 15, 1997, the FDIC filed this action to revive the Judgment. The FDIC cannot execute on the Judgment, unless the Judgment is revived pursuant to Tex.Civ. Prac. & Rem.Code Ann. § 31.006 (Vernon 1997), which states:
A dormant judgment may be revived by scire facias or by an action of debt brought not later than the second anniversary of the date that the judgment becomes dormant.
This statute was amended in 1995, and this amendment will be discussed later.
At the district court level, Shaid claimed that the FDIC’s action was barred by the applicable statute of limitations. Shaid also claimed that § 31.006 was unconstitutional because the statute provides for the revival of actions barred by the applicable statute of limitations, which would allegedly affect the vested rights of a party to rely on a statute of limitations.
On October 8, 1997, the district court granted summary judgment in favor of the FDIC, stating that Shaid’s constitutional argument was irrelevant because § 31.006 became effective on September 1, 1995, before the Judgment became dormant. Based on this analysis, the district court held that no vested rights were affected, and that there was no genuine issue of material fact. The district court granted summary judgment in favor of the FDIC and revived the action. Shaid now appeals, and he argues the same claims before this circuit.
Standard of Review
We review a district court’s interpretation of a state statute under the
de novo
standard of review, and we interpret the state statute the way we believe the state Supreme Court would, based on prior precedent, legislation, and relevant commentary.
See Transcontinental Gas Pipe Line Corp. v. Transportation Ins. Co.,
Analysis
Shaid argues that he had a vested right to claim the statute of limitations as a defense to the FDIC’s attempt to revive the Judgment. It is undisputed that the action became dormant on October 10,1995.
2
However, Shaid argues that the terms of the amended statute state that the prior version of § 31.006 was to be applicable until December 1, 1996, despite the fact that the statute itself states that its effective date was September 1, 1995. Shaid argues that, based on this timeline, his rights vested before the statute was truly applicable. Shaid cites various cases stating that once a claim is barred, the right to rely on a statute of limitations is vested, and a statute is unconstitutionally retroactive if it takes away or impairs vested rights acquired under existing law.
See Mann v. Jack Roach Bissonnet, Inc.,
The FDIC replies that a plain language reading of the statute shows that its applicable effective date was September 1,1995, and therefore, it was in effect before the date a defense based on the statute of limitations would vest for Shaid. The FDIC states that well-established principles of statutory construction require a court to enforce a plain and unambiguous Texas statute according to its terms.
Anderson v. Penix,
We agree with the FDIC’s reasoning on this ppint. Shaid offers a rather convoluted interpretation of the statute, and this interpretation is particularly troublesome, because the statutes in question were amended to correct certain inconsistencies in the law on this matter.
See Cox v. Nelson,
Given that we have stated that Shaid had no vested right to claim the statute of limitations as a defense, we need not address whether or not § 31.006 is unconstitutional. Shaid had no vested right to rely upon, so the issue of retroactivity is irrelevant.
Conclusion
Based on the foregoing, we find no reversible error in the decision of the district court, which granted summary judgment in favor of the FDIC, and revived the action. There *263 fore, we AFFIRM the decision of the district court.
AFFIRMED.
Notes
. Judge James R. Nowlin, the judge who presided over the instant case at the district court level, signed the original 1985 Judgment.
. The district court stated that the action became dormant on October 10, 1995, presumably because October 10 is one day after the end of the ten-year limitation period. The parties, in their briefs, listed October 9 as the date the action became dormant. These differences are immaterial to the outcome of this case, but we deemed them to be worth mentioning. For the purposes of the instant case, we will use the date used by the district court.