Metropolitan Life Ins. v. Reconstruction Finance Corp.

BOULDIN, Justice.

Metropolitan Life Insurance Company sued Reconstruction Finance Corporation on counts for money had and received, and for destruction of the landlord’s lien of the plaintiff in the proceeds of a cotton crop.

During 1930, 1931, and 1932, J. A. Henderson, Sr., was the owner of a farm in Covington county, upon which the plaintiff, insurance company, held a first mortgage, and Andalusia National Bank a second mortgage. At the close of 1930, Henderson abandoned farm operations, offered to turn it over to the second mortgagee, the bank. The bank took over the operation of the farm,…