Glenn W. Casey Construction, Inc. v. Citizen's National Bank

SUMMERS, Chief Justice.

This is an appeal by way of Writ of Error from judgments rendered by the trial court in a garnishment action.

Glenn W. Casey Construction, Inc., appellant (Casey), was allegedly indebted to Eagle Concrete Company (Eagle) by reason of retainage funds which it held for Eagle’s benefit. Citizen’s National Bank, appellee (the Bank), held a security interest securing a $12,000 debt in all accounts receivable, contract rights, chattel paper, instruments, general intangibles and rights to payment arising out of Eagle’s business. On April 24, 1979, the Bank filed an action…