Fidelity Group Ins. Co. v. Le Bow

BOND, Justice.

The appellant, Fidelity Group Insurance Company, a mutual assessment life insurance corporation, operating under certificate and permit issued in pursuance of article 4§59f, Vernon’s Ann.Civ.St. (Acts 1933, 43d Leg. p. 856, c. 245, as amended Acts 1935, 44th Leg. p. 651, c. 264), filed in a district court of Dallas county, Tex., a bill of interpleader, alleging that funds, deposited in the Mercantile National Bank of Dallas, Tex., and in the Texas Bank & Trust Company, impounded by appellees in garnishment proceedings, are trust funds for the protection of all policyholders and…