HOMESTEAD INVEST., INC. v. FOUNDATION RESERVE INS. CO.

No. 9259.

490 P.2d 959 (1971)

83 N.M. 242

HOMESTEAD INVESTMENTS, INC., Plaintiff-Appellee, v. FOUNDATION RESERVE INSURANCE COMPANY, INC., Defendant-Appellant, First National Bank in Albuquerque, Intervenor-Appellee.

Supreme Court of New Mexico.

November 15, 1971.


Attorney(s) appearing for the Case

Ussery, Burciaga & Parrish, Albuquerque, for defendant-appellant.

N. Tito Quintana, Albuquerque, for plaintiff-appellee.


OPINION

MONTOYA, Justice.

Plaintiff-appellee Homestead Investments, Inc., hereinafter referred to as "plaintiff," brought this action in the District Court of Bernalillo County, New Mexico, seeking recovery for a fire loss from defendant-appellant Foundation Reserve Insurance Company, Inc., hereinafter referred to as "defendant." By stipulation of all parties, the First National Bank in Albuquerque, hereinafter referred to as "Bank," was granted a right...

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