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AM. HERITAGE BANK & TRUST CO. v. O. & E., INC.

No. 76-823.

576 P.2d 566 (1978)

AMERICAN HERITAGE BANK & TRUST COMPANY, Plaintiff-Appellee, v. O. & E., INC., Defendant-Appellant, The Wine Shop, Inc., Clyde M. Trees, Marlys J. Trees, Defendants.

Colorado Court of Appeals, Div. III.

Rehearing Denied January 26, 1978.

Certiorari Denied March 27, 1978.

Attorney(s) appearing for the Case

Leon P. Sterling, Colorado Springs, for plaintiff-appellee.

Raymond S. Duitch, Colorado Springs, for defendant-appellant.

STERNBERG, Judge.

Clyde and Marlys Trees, owners of the Wine Shop, Inc., personally and on behalf of the corporation, executed a promissory note, security agreement, and financing statement to the American Heritage Bank and Trust Company. These documents were properly filed and granted the Bank a security interest in the Wine Shop's inventory, stock in trade, furniture, fixtures, and equipment "now owned or hereafter to be acquired." Thereafter, one Oakley Ellickson...

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