Panhandle Bank & Trust Co. v. Graybar Elec. Co., Inc.

ELLIS, Chief Justice.

This is a suit involving the question of superiority of rights to certain funds deposited in court claimed by (1) a material-man-garnishor holding a judgment previously obtained against a subcontractor to which the garnishee, the general contractor, was indebted under a construction contract; and (2) an interpleaded lending institution, assignee of the subcontractor’s accounts receivable and contract rights. The trial court awarded the deposited funds to the materialman-garnishor, and the assignee lender has brought this appeal on 99 points of error. Affirmed.

The present…