Lyon v. Big Bend Development Co.

DONOFRIO, Judge.

This is an action initiated by the Director of Insurance as receiver of the Union Title Company for instructions con cerning his obligations under Trust No. 595 of the Union Title Company, successor to the Lane Title and Trust Company. The contest, however, is between the “First Beneficiary”, Fred L. Lyon and Isabel Lyon, and the “Second Beneficiary”, Big Bend Development Co., a Limited Partnership, who intervened for the purpose of having the Court determine their individual rights under the trust.

The facts pertinent to this appeal may be briefly stated as follows: On…