Corpus Christi Bank & Trust v. Smith

OPINION

BISSETT, Justice.

This is an interpleader action which involves the superiority of rights to funds retained by the City of Corpus Christi in connection with a public works contract. In issue are the rights asserted by subcontractors and matérialmen against the rights asserted by the general contractor’s as-signee bank. The amount of the funds retained was less than the money owed to the bank and was also less than the total claims of the subcontractors and material-men. Trial was to the court without a jury. The trial court awarded all of the funds to the subcontractors and…