Employers Mut. Liability Ins. v. Brown Wood Preserving Co.

Opinion op the Court by

Judge Cammack

Affirming.

This- appeal presents the question as to whether KBS 342.055, a part of the Workmen’s Compensation Act, creates a new cause of action against third parties, in whom legal liability for damages exists in favor of' the employer or the insurance carrier, and therefore an obligation created by statute which is subject to the five year statute of limitations, KBS 413.120; or, whether the statute subrogates the employer or the insurer to-the rights of the employee, thus requiring them to bring their independent action, or intervene in the employee’s,…