Legal Opinion
Eagle Bank & Trust Co. v. Raynor Mfg. Co.
Court of Appeals of Arkansas
Decided March 13, 2019No. CV-18-790Published
1Opinion of the Court
The Garnishee failed to impound the sum of $ 66,569.58 that it had in its possession.
The Garnishee is liable to the Plaintiff in the same amount the Garnishee had in its possession.
Pursuant to [Ark. Code Ann.] § 16-110-406(a), which governs garnishee banks, this Court grants judgment to the Plaintiff.
II
This appeal requires us to interpret statutes, so the standard of review is de novo. Wal-Mart Stores, Inc. v. D.A.N. Joint Venture III, L.P. , 374 Ark. 489, 490-91, 288 S.W.3d 627, 629 (2008). Here are the two main statutory sections at issue in the case. Arkansas Code Annotated section…
2Cases cited8 opinions
- Pifer v. Single Source TransportationSupreme Court of Arkansas · 2002
- Board of Trustees v. StodolaSupreme Court of Arkansas · 1997
- W & D Acquisition, LLC v. First Union National BankSupreme Court of Connecticut · 2003
- Wal-Mart Stores, Inc. v. D.A.N. Joint Venture III, L.P.Supreme Court of Arkansas · 2008
- Woodcock v. First Commercial BankSupreme Court of Arkansas · 1985
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