INTERTHERM, INC. v. OLYMPIC HOMES SYSTEMS


569 S.W.2d 467 (1978)

INTERTHERM, INC., et al., Plaintiffs-Appellees, v. OLYMPIC HOMES SYSTEMS, INC., Johnny R. Bailey, Sr., Fred R. Langley and James L. Clayton, Defendants-Appellants.

Court of Appeals of Tennessee, Middle Section.

Certiorari Denied June 26, 1978.


Attorney(s) appearing for the Case

P. Douglas Morrison, Morrison, Morrison & Morrow, Knoxville, for defendants-appellants.

Milton E. Henderson, Steltemeier & Westbrook, Nashville, for plaintiffs-appellees.


Certiorari Denied by Supreme Court June 26, 1978.

OPINION

DROWOTA, Judge.

This is a suit by general creditors against an insolvent corporation and three of its shareholders. The issue is whether a security interest taken by two of the shareholders in personal property of the corporation is valid, and whether it entitles the two shareholders to priority over the general creditors as to the property covered by it.

This suit was filed on February...

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