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FIRST BAPTIST CHURCH v. NATIONWIDE BOND, INC.

No. 83-895.

460 So.2d 1258 (1984)

FIRST BAPTIST CHURCH OF GRAYSON VALLEY, INC. v. NATIONWIDE BOND, INC., and Insurance Company of North America, as corporations, and R. Frank Ussery, Director, Alabama Securities Commission, as an individual.

Supreme Court of Alabama.

Rehearing Denied November 30, 1984.

Attorney(s) appearing for the Case

Herbert W. Stone, Birmingham, for appellant.

Gould H.K. Blair, Birmingham, for appellee Nationwide Bond, Inc.

William C. Wood of Norman, Fitzpatrick & Wood, Birmingham, for appellee Ins. Co. of North America.

BEATTY, Justice.

Plaintiff church appeals from an adverse judgment in its declaratory judgment action against Nationwide Bond, Inc. (Nationwide), Insurance Company of North America (INA), and R. Frank Ussery, Director, Alabama Securities Commission, individually.1 The action sought recovery under Code of 1975, § 8-6-3(c), on the theory that that code section afforded a remedy to the public in general against a surety for the fraudulent...

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