von Gemmingen v. First National Bank of Anchorage

OPINION

COMPTON, Justice.

A bank held escrow accounts in the names of judgment debtors. The debtors had made assignments of proceeds from their accounts to various creditors. A judgment creditor, H. von Gemmingen, served a writ of attachment on the bank. The bank continued to honor the prior assignments, and charge regular escrow fees for the service. It appbed any surplus funds in the escrow accounts to the benefit of the judgment creditor. The judgment creditor challenged the bank’s right to continue making payments to the assignee creditors. He asserted that he had the right to the total…