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BEVINS v. PEOPLES BANK & TRUST CO.

No. 7228.

671 P.2d 875 (1983)

William S. BEVINS, Appellant, v. PEOPLES BANK & TRUST CO., Alaska State Housing Authority, and Edward and Sandra Sanders d/b/a Nova Property Management, Appellees.

Supreme Court of Alaska.

October 14, 1983.

Attorney(s) appearing for the Case

John M. Stern, Jr., Anchorage, for appellant.

Robert L. Manley, Hughes, Thorsness, Gantz, Powell & Brundin, Anchorage, for appellee Peoples Bank & Trust Co.

Before BURKE, C.J., RABINOWITZ, MATTHEWS and COMPTON, JJ., and BLAIR, Judge.

OPINION

COMPTON, Justice.

At issue in this appeal from an interpleader action is which party is entitled to the rental income that was collected from an apartment complex before it was sold at a foreclosure sale — appellant Dr. William S. Bevins, who held a second deed of trust on the property, which was fully satisfied from the proceeds of the foreclosure sale, or appellee Peoples Bank and Trust Co. ("Peoples...

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