Worthen Bank & Trust Co. v. Franklin Life Ins.

MEMORANDUM OPINION

HENLEY, Chief Judge.

This is a suit brought by plaintiff, Worthen Bank & Trust Co., a national banking institution domiciled in Little Rock, Arkansas, against the Franklin Life Insurance Co., an Illinois corporation, authorized to do business in Arkansas, but having its principal place of business in Springfield, Illinois, to recover $11,842.44, plus interest and costs. Thus, federal diversity jurisdiction is established.

The basis of the suit is an assignment to plaintiff from one Rea Coulter, a former general agent of the defendant, of renewal commissions to become due from…