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AMERICA FIRST CREDIT UNION v. FIRST SEC. BANK OF UTAH

No. 950274.

930 P.2d 1198 (1997)

AMERICA FIRST CREDIT UNION, a Utah corporation, Plaintiff and Petitioner, v. FIRST SECURITY BANK OF UTAH, N.A., Defendant and Respondent. Renaissance Exchange, Inc., and Don Newsom, Third-Party Defendants.

Supreme Court of Utah.

January 21, 1997.

Attorney(s) appearing for the Case

Timothy W. Blackburn, Michael T. Roberts, Sandra Crosland, Ogden, for plaintiff and petitioner.

Dee R. Chambers, Scott A. Hagen, Salt Lake City, for defendant and respondent.

ON CERTIORARI TO THE UTAH COURT OF APPEALS

HOWE, Justice:

We granted certiorari to review a decision of the court of appeals that First Security Bank wrongfully paid to Renaissance Exchange, Inc., the proceeds of a certificate of deposit that Renaissance had assigned to America First Credit Union (AFCU) as collateral securing a loan to Renaissance. America First Credit...

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