ALASKA NAT. BANK, ETC. v. GWITCHYAA ZHEE CORP.

Nos. 4493, 5360.

639 P.2d 984 (1981)

ALASKA NATIONAL BANK OF THE NORTH, Appellant, v. GWITCHYAA ZHEE CORPORATION, Appellee. ALASKA NATIONAL BANK OF THE NORTH, Appellant, v. TOGHOTTHELE CORPORATION, Appellee.

Supreme Court of Alaska.

August 28, 1981.


Attorney(s) appearing for the Case

Stephan H. Williams, Charles E. Cole, Law Offices of Charles E. Cole, Fairbanks, for appellant.

Dennis M. Mestas, Mestas & Schneider, Anchorage, for appellee Gwitchyaa Zhee Corp.

James T. Robinson, Teresa A. Hogan, Groh, Eggers, Robinson, Price & Johnson, Anchorage, for appellee Toghotthele Corp.

Before RABINOWITZ, C.J., CONNOR, BURKE and MATTHEWS, JJ., and ROWLAND, Superior Court Judge.


OPINION

BURKE, Justice.

This case calls upon us to review summary judgment decisions rendered in favor of Gwitchyaa Zhee and Toghotthele Corporations holding void and unenforceable purported security interests held by Alaska National Bank of the North (ANB or Bank) in certain funds on deposit with the Bank.

FACTS

Gwitchyaa Zhee and Toghotthele are village corporations organized pursuant to the provisions of the Alaska Native Claims Settlement...

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