CITIZENS NAT. BANK IN ENNIS v. SPERRY RAND CORP.

No. 4893.

456 S.W.2d 273 (1970)

CITIZENS NATIONAL BANK IN ENNIS, Appellant, v. SPERRY RAND CORPORATION, Appellee.

Court of Civil Appeals of Texas, Waco.

Rehearing Denied June 25, 1970.


Attorney(s) appearing for the Case

Moore & McCarty, Ennis, for appellant.

Carrington, Coleman, Sloman, Johnson & Blumenthal, James A. Ellis, Jr., Robert H. Mow, Jr., Dallas, for appellee.


OPINION

HALL, Justice.

This case poses a problem of priority between a purchase money security interest held by appellee in a haybine, and a security interest subsequently taken by the appellant bank in the haybine as partial collateral to secure a loan. The solution involves an application of a portion of Section 9.302, Vernon's Texas Codes Annotated, Business and Commerce.

Upon the pleadings, admissions and affidavits, the trial court rendered...

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