AETNA CASUALTY & SURETY CO. v. VALLEY NATIONAL BANK

No. 1 CA-CIV 1336.

15 Ariz. App. 13 (1971)

485 P.2d 837

The AETNA CASUALTY & SURETY COMPANY, a Connecticut corporation, Appellant, v. The VALLEY NATIONAL BANK OF ARIZONA, a national banking association, Appellee.

Court of Appeals of Arizona, Division 1, Department B.

Rehearing Denied July 22, 1971.

Review Denied October 5, 1971.


Attorney(s) appearing for the Case

Shimmel, Hill & Bishop, P.C., by Rouland W. Hill, Phoenix, for appellant.

Rawlins, Ellis, Burrus & Kiewit, by Norman D. Hall, Jr., Phoenix, for appellee.


JACOBSON, Presiding Judge.

The right of a bank to collect from a depositor's insurance company for funds belonging to the depositor, and removed by thieves from the bank's night depository facility, is presented in this appeal.

Plaintiff-appellee, The Valley National Bank of Arizona, a national banking association, as assignee of its depositor, brought an action against defendant-appellant, The Aetna Casualty & Surety Company, a Connecticut corporation...

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