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HILLCREST ST. BANK v. BANKERS LEASING CORP.

No. 19029.

544 S.W.2d 727 (1976)

HILLCREST STATE BANK, Appellant, v. BANKERS LEASING CORPORATION OF TEXAS, Appellee.

Court of Civil Appeals of Texas, Dallas.

Rehearing Denied December 16, 1976.

Attorney(s) appearing for the Case

Paul E. Lokey, Dallas, for appellant.

James D. Stevenson, Douglas Riley, Jr., Dallas, for appellee.

AKIN, Justice.

This is an interpleader suit in which two parties claim the right to a $21,214.87 payment under a lease contract. Hillcrest State Bank contends that it is entitled to the funds under an assignment from the lessor, Bankers Leasing Corporation. Bankers Leasing replies that the assignment was intended only as security for a note and that, since the note has been discharged, it is entitled to any further benefits under the contract. Following a jury trial...

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