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MERCHANTS MUT. BONDING CO. v. APPALACHIAN INS. CO.

No. 76-1334.

556 F.2d 899 (1977)

MERCHANTS MUTUAL BONDING COMPANY, Appellee, v. APPALACHIAN INSURANCE COMPANY, Appellant.

United States Court of Appeals, Eighth Circuit.

Decided June 16, 1977.

Attorney(s) appearing for the Case

Thomas S. Reavely, Des Moines, Iowa, for appellant; Timothy J. Walker, Des Moines, Iowa and Richard L. Bodet, New Orleans, La., on the brief.

Harry T. Watts and F. Richard Lyford, Des Moines, Iowa, for appellant.

Before LAY, ROSS and WEBSTER, Circuit Judges.

WEBSTER, Circuit Judge.

This is an action in the nature of interpleader brought by appellee Merchants Mutual Bonding Company, the surety on the statutory warehouseman's bond of a bankrupt Iowa grain elevator. The Commodity Credit Corporation (C.C.C.) had dealings in grain with the elevator; this appeal involves a claim on the bond by the C.C.C.'s insurer, appellant Appalachian Insurance Company. The District Court1 denied the claim, finding...

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