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UNITED STATES NAT. BANK OF ORE. v. AMERICAN HOME ASSUR. CO.

Civ. No. 69-123.

347 F.Supp. 311 (1972)

UNITED STATES NATIONAL BANK OF OREGON, a National Banking Association, Plaintiff, v. AMERICAN HOME ASSURANCE COMPANY, a New York corporation, Defendant. Charles L. SHEPHERD, Plaintiff in Intervention, v. UNITED STATES NATIONAL BANK OF OREGON, a National Banking Association, Plaintiff and American Home Assurance Company, a New York corporation, Defendants in Intervention.

United States District Court, D. Oregon.

July 7, 1972.

Attorney(s) appearing for the Case

Lloyd B. Ericsson, Dusenbery, Martin, Bischoff & Templeton, Portland, Or., for defendant American Home Assurance Co.

R. W. Kitson, Rader & Kitson, Portland, Or., for intervenors.

OPINION

SOLOMON, District Judge:

The sole issue that remains to be decided is whether the defendant American Home Assurance Company (Insurance Company) is subrogated to the rights of United States National Bank of Oregon (Bank) against Charles L. Shepherd (Shepherd or the insured), the plaintiff in intervention, for amounts paid by the Insurance Company to the Bank.

Shepherd purchased an airplane and financed it by a promissory note secured by a...

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