Jeanne Barnes Bryant, as Liquidator of Anchorage Fire & Casualty Insurance Company, Petitioner v. United Shortline…

Summary

The Texas Supreme Court affirmed the Court of Appeals' judgment, holding that the Tennessee liquidation order does not preclude the Texas interpleader action and that the Texas court has jurisdiction over the disputed funds. The Court declined to give full faith and credit to the Tennessee order because it does not yet apply to the funds, found no comity basis to stay the suit, and upheld the Bank's intervention and the interpleader proceeding. Justice Baker dissented, arguing that the interpleader action is within the scope of the liquidation order and should be dismissed under full faith and credit.