M. D. HODGES &c. INC. v. FIRST GA. BANK

34129.

243 Ga. 664 (1979)

256 S.E.2d 350

M. D. HODGES ENTERPRISES, INC. v. FIRST GEORGIA BANK.

Supreme Court of Georgia.

Decided May 30, 1979.


Attorney(s) appearing for the Case

King & Spalding, Charles M. Shaffer, Jr., Nolan C. Leake, B. Knox Dobbins, for appellant.

Troutman, Sanders, Lockerman & Ashmore, Otto F. Feil, III, for appellee.


HALL, Justice.

In September 1972, First Georgia Bank (appellee) loaned John K. Porter Co., a real estate brokerage firm, $10,000. To secure the loan, Porter granted to First Georgia a security interest in account commissions from M. D. Hodges Enterprises (appellant). First Georgia never filed a financing statement, but it did notify Hodges of the assignment, directing Hodges to pay the account commissions to Porter until further...

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