DeFoe v. Great Southern Nat. Bank, NA

547 So.2d 786 (1989)

Loretta S. DeFOE

v.

GREAT SOUTHERN NATIONAL BANK, N.A.

No. 58723.

Supreme Court of Mississippi.

July 19, 1989.

Paul M. Neville, Jackson, for appellant.

Robert S. Murphree, Jackson, for appellee.

Before ROY NOBLE LEE, C.J., and ROBERTSON and ANDERSON, JJ.

ROBERTSON, Justice, for the Court:

Loretta S. DeFoe makes her second appearance before this Court seeking the proceeds of a policy of insurance on the life of C. Delbert Hosemann, Sr., now deceased, of which she was a beneficiary. The problem is that Great Southern National Bank held the policy as collateral security for substantial…