Steves & Sons, Inc. v. House of Doors, Inc.

OPINION

GERALD T. BISSETT, Assigned Justice * .

This is an appeal by Steves & Sons, Inc., garnishor in the trial court and appellant in this Court, from a take nothing judgment in a suit in which appellant, as a judgment creditor, garnished the cash proceeds and accrued interest deposited to an Individual Retirement Annuity contract issued by United Fidelity Life Insurance Company to W.A. Wolma. The sole issue in this case is whether the contract was a life insurance policy and therefore exempt from garnishment, or whether it was an investment contract and, as such, was not exempt from…