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OLD STONE MTG. &c. v. NEW GA. PLUMBING

32048.

239 Ga. 345 (1977)

236 S.E.2d 592

OLD STONE MORTGAGE & REALTY TRUST et al. v. NEW GEORGIA PLUMBING, INC. et al.

Supreme Court of Georgia.

Decided June 9, 1977.

Rehearing Denied July 1, 1977.

Attorney(s) appearing for the Case

Westmoreland, Hall, McGee & Warner, P. Joseph McGee, John L. Westmoreland, Jr., Troutman, Sanders, Lockerman & Ashmore, John J. Dalton, for appellants.

Harland, Cashin, Chambers, Davis & Doster, Harry L. Cashin, Jr., Thomas J. Venker, Morton, Humphries & Payne, J. D. Humphries, III, for appellees.

INGRAM, Justice.

We granted certiorari in Old Stone Mtg. &c. Trust v. New Ga. Plumbing, 140 Ga.App. 686 (231 S.E.2d 785) (1976), to review Division 2 of the opinion of the Court of Appeals which holds that where a senior deed to secure debt is subordinated to a junior deed to secure debt, the senior security deed becomes by such subordination action inferior to an intervening materialman...

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