Mid-State Electric Supply Co. v. Arizona Title Insurance & Trust Co.

STEVENS, Judge of the Court of Appeals.

The issues before this Court on this appeal arise out of writs of garnishment served upon the lendor in connection with a construction loan and upon the holder of the builder’s escrow.

In early 1964, the A1 Ziegler Construction Company, Inc., a corporation, (Ziegler Construction) owned property in the City of Phoenix on which it desired to build an apartment. Ziegler Construction was also the general contractor for the construction of the apartments. A1 Ziegler was a stockholder and an officer of Ziegler Construction. Before the trial in question, Ziegler…