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AETNA FINANCE CO. v. FIRST FED. SAV. & LOAN

No. 13197.

607 S.W.2d 312 (1980)

AETNA FINANCE COMPANY, Appellant, v. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION, Appellee.

Court of Civil Appeals of Texas, Austin.

Rehearing Denied November 19, 1980.

Attorney(s) appearing for the Case

John B. Meadows, Austin, for appellant.

Dennis Reese, Small, Craig & Werkenthin, Austin, for appellee.

PHILLIPS, Chief Justice.

The question for decision is whether a judgment creditor, appellant Aetna Finance Company, can satisfy an unpaid judgment by garnishing the reserve fund for taxes and insurance created by a real estate lien note and deed of trust executed between judgment debtor Williams and garnishee (appellee) First Federal Savings and Loan Association. Aetna filed an application for writ of garnishment seeking...

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