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WILLIAMS v. FIRST NATIONAL BANK & TRUST CO. OF VINITA

No. 42626.

482 P.2d 595 (1971)

J.D. WILLIAMS, Plaintiff in Error, v. FIRST NATIONAL BANK & TRUST COMPANY OF VINITA, a Corporation, Defendant in Error.

Supreme Court of Oklahoma.

Rehearing Denied March 30, 1971.

Attorney(s) appearing for the Case

H. Tom Kight, Jr., Claremore, Robert L. Cox, Oklahoma City, for plaintiff in error.

Pitcher, Logan & Lowry, Vinita, for defendant in error.

McINERNEY, Justice.

Plaintiff in Error, J.D. Williams, as vendor and Defendant in Error, First National Bank and Trust Company of Vinita, as lender, each extended credit to one Goad (not a party to this appeal), and each took a security interest in certain (identical) property owned by Goad. Williams then perfected his security interest ahead of the Bank by filing his financing statement, as required by the Uniform Commercial...

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