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BANK OF HAWAII v. DEYOUNG

No. 21394.

992 P.2d 42 (2000)

92 Hawai`i 347

In the Matter of the Arbitration Between BANK OF HAWAII, Claimant-Appellant, and James A. DEYOUNG, Respondent, and City Bank, Garnishee-Appellee

Supreme Court of Hawai`i.

January 20, 2000.

Attorney(s) appearing for the Case

Susan Cachero Sakai, Michael C. Webb with her on the briefs, Honolulu, for claimant-appellant.

Gerald I. Fujita, on the briefs, Honolulu, for garnishee-appellee.

MOON, C.J., KLEIN, LEVINSON, NAKAYAMA, and RAMIL, JJ.

Opinion of the Court by KLEIN, J.

This appeal arises out of a dispute between claimant-appellant Bank of Hawaii (BOH) and garnishee-appellee City Bank (City Bank) regarding the garnishment by BOH of stock pledged as collateral for a loan to City Bank by James DeYoung (DeYoung). After initially granting a garnishment order in favor of BOH, the first circuit court granted City Bank's motion to dissolve the garnishment order on grounds that (1) DeYoung's pledged stock...

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