Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Texas National Bank of Houston

STEPHENSON, Justice.

This is an action arising out of a writ of garnishment. The real issue involved is the ownership of stock. The case was tried before the court upon an agreed statement of facts. Judgment was rendered that Robert L. Damrel, hereafter called “Dam-rel”, was the owner of the stock, and discharging the Texas National Bank, hereafter called “Bank” as garnishee. The parties will be referred to herein by the abbreviated names assigned to them.

Merrill Lynch, Pierce, Fenner & Smith, Inc., hereafter called “Merrill Lynch” filed an application for a writ of garnishment against the…