Bank of New Mexico v. Priestley

OPINION

FEDERICI, Justice.

Several suits were filed by the parties involving a controversy which arose over the sale of Carico Lake turquoise mine in Nevada. The mine was owned by the Carico Lake Mining Company (Carico). The suits were consolidated for trial. Third-party plaintiff (Roberts) owned an interest in Carico. He sold his interest to Corona Ltd., a New Mexico corporation (Corona), and to Joe Priestley and Charles Nuckols. Roberts was a judgment debtor of Bank of New Mexico (Bank) and when the Bank learned of the above sales contract it filed a garnishment proceeding against Corona,…