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SOUTHERN GUAR. INS. CO. v. FIRST ALA. BANK

87-604.

540 So.2d 732 (1989)

SOUTHERN GUARANTY INSURANCE COMPANY v. FIRST ALABAMA BANK.

Supreme Court of Alabama.

February 10, 1989.

Attorney(s) appearing for the Case

J. Stuart Wallace of Nettles, Barker, Janecky & Copeland, Mobile, for appellant.

Richard T. Dormand and Michael C. White, Johnstone, Adams, Bailey, Gordon & Harris, Mobile, for appellee.

SHORES, Justice.

This case presents a question not previously addressed by this Court, involving Article 4 of our enactment of the Uniform Commercial Code, entitled "Bank Deposits and Collections." The plaintiff, Southern Guaranty Insurance Company (hereinafter "Southern"), appeals from a partial summary judgment in favor of the defendant, First Alabama Bank (hereinafter "FAB").

Southern issued an insurance policy to Bay Paper Company (hereinafter "Bay Paper...

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