American Samoa Government v. Amerika Samoa Bank

OPINION AND ORDER

Plaintiff American Samoa Government (“ASG”) initiated this action for declaratory relief on November 27, 1996, to resolve the status of a $50,000 statutory deposit. The case came for trial on March 10 and 27, 2000. All parties were present by counsel.

Facts

The funds were held by defendant Amerika Samoa Bank (“ASB”) until commencement of this litigation, and were then deposited in the Court’s registry. Entitlement to the funds is contested by two parties: (1) the Insurance Company of Samoa, Insurance and Reinsurance, Inc. (“ICS”), previously known as “La Fénix of Samoa,…