Monegan v. Pacific National Bank

Ray B. Corrigan appeals from a Pierce County Superior Court judgment in an interpleader suit which held his judgment lien on the impounded funds inferior to the interest of Pacific National Bank of Washington. We affirm in part and reverse in part.

In 1967, W. H. Ostruske, his son, W. T. Ostruske, and two other parties acquired a tract of land near Tacoma, Washington, as tenants in common, each owning an undivided one-fourth interest. In 1968 the property was sold on contract to Professional Investors Company, a partnership. Installment payments on the contract were to be paid to cotenant,…