INDEPENDENCE FEDERAL BANK, v. PAINE WEBBER

No. 90-84.

789 S.W.2d 725 (1990)

302 Ark. 324

INDEPENDENCE FEDERAL BANK, F.S.B., Appellant, v. PAINE WEBBER, Appellee.

Supreme Court of Arkansas.

May 21, 1990.


Attorney(s) appearing for the Case

John M. Belew, Jerry Post, Batesville, for appellant.

W. Ellis Arnold, III, Little Rock, for appellee.


GLAZE, Justice.

This is an appeal from the trial court's order granting Paine Webber's motion for judgment against the garnishee, Independence Federal Bank, F.S.B. (Bank), for the full value of the garnishment. On appeal, the Bank argues that under our case law, the trial court erred in finding it liable under the writ of garnishment. We agree and therefore reverse.

To understand this case requires a recitation of the facts that led to this dispute. Paine...

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