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RANCHERS & FARM. LIV. AUC. CO. v. FIRST ST. BANK

No. 8536.

531 S.W.2d 167 (1975)

RANCHERS AND FARMERS LIVESTOCK AUCTION COMPANY OF CLOVIS, NEW MEXICO, et al., Appellants, v. FIRST STATE BANK OF TULIA, Texas, et al., Appellees.

Court of Civil Appeals of Texas, Amarillo.

Rehearing Denied December 29, 1975.

Attorney(s) appearing for the Case

Stokes, Carnahan & Fields, Robert N. Carnahan, Amarillo, Rowley, Hammond, Murphy & Rowley, Clovis, N. M., for appellants.

Morehead, Sharp & Tisdel, Charles G. White, Plainview, for appellees.

ROBINSON, Justice.

The First State Bank of Tulia sought to garnish cattle and the proceeds held by the Tulia Livestock Auction, Inc. for J. E. Littlefield. Littlefield and the Ranchers and Farmers Livestock Auction Company of Clovis, New Mexico, intervened, alleging that the Clovis auction company had a purchase money security interest in the proceeds and cattle under the Uniform Commercial Code portion of the Texas Business and Commerce Code. The trial court granted...

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