Fidelity & Cas. Co. of NY v. CENTRAL, ETC.

409 So.2d 788 (1982)

FIDELITY AND CASUALTY COMPANY OF NEW YORK, a corporation

v.

CENTRAL BANK OF BIRMINGHAM.

80-427.

Supreme Court of Alabama.

January 22, 1982.

Thomas R. Elliott, Jr. of London, Yancey, Clark & Allen, Birmingham, for appellant.

Stanley M. Brock of Balch, Bingham, Baker, Hawthorne, Williams & Ward, Birmingham, for appellee.

SHORES, Justice.

This is an appeal from a judicial determination as to which party has priority to money paid in settlement of a contract action between a contractor, Henry C. Beck Company, and a subcontractor, Lewis Powell Enterprises. The competing parties are the…