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UNION BANK v. FEDERAL DEPOSIT INS. CORP.

No. 25276.

899 P.2d 564 (1995)

UNION BANK, Appellant, v. The FEDERAL DEPOSIT INSURANCE CORPORATION and Jones, Jones, Close & Brown, Respondents.

Supreme Court of Nevada.

July 27, 1995.

Attorney(s) appearing for the Case

Robison, Belaustegui, Robb & Sharp and Barry L. Breslow, Reno, for appellant.

Jones, Jones, Close & Brown and Kris T. Ballard, Las Vegas, for respondents.

OPINION

PER CURIAM:

A judgment debtor, John Anderson, pledged his shares of Cedar Development Company stock to Eureka Bank to secure payment of the bank's judgment against him. Union Bank, a third-party judgment creditor, sought to garnish the rights in the pledged stock retained by Anderson. At issue before us is whether Union Bank may garnish Anderson's rights in the stock absent proof that surplus value exists over and above the amount of the debt...

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