Bennett v. Glacier General Assurance Co.

This is the appeal of an order from the First Judicial District, Lewis and Clark County. The order dismissed the petitions of the three intervenors in the liquidation of Glacier General Assurance Company (Glacier). We affirm.

We consider one issue on appeal. Did the District Court err when it dismissed for lack of jurisdiction each intervenor’s petition for return of funds on deposit?

In 1984, Missoula Motel Associates (MMA) borrowed $1,250,000 to finance the purchase of a motel complex in Missoula. The lender required that MMA obtain a financial guarantee bond for the amount of the loan. MMA…