Huntsville Utility District of Scott County v. General Trust Co.

OPINION

LEWIS, Judge.

This is an appeal by plaintiff-appellant, The Huntsville Utility District of Scott County, Tennessee (Huntsville), from the trial court’s order dismissing Huntsville’s complaint for failure to join necessary parties.

The pertinent facts are as follows:

Defendant, General Trust Company (General Trust), acts as a financial adviser and/or fiscal agent for a number of local governments and utility districts. General Trust also acts as registrar and paying agent for local governments issuing municipal bonds. In the fall of 1988, General Trust and Huntsville entered into…