SECURITY NAT. BANK v. DENTSPLY PROFESSIONAL PLAN

No. 51285.

617 P.2d 1340 (1980)

SECURITY NATIONAL BANK AND TRUST COMPANY OF NORMAN, Oklahoma, Appellee, v. DENTSPLY PROFESSIONAL PLAN, a Division of Dentsply International, Inc., Appellant.

Supreme Court of Oklahoma.

September 23, 1980.


Attorney(s) appearing for the Case

Luttrell, Pendarvis & Rawlinson by Gary C. Rawlinson, Norman, for appellant.

Phillip Warren Redwine, Wm. Lee Borden, Jr., Norman, for appellee.


OPALA, Justice:

This appeal deals with priorities between two creditors with security interests in the same collateral. The questions to be answered are: [1] Did the trial court err in refusing to reinstate the first creditor's security interest to its priority which was lost by that creditor's release of its original financing statement? [2] Was the debtor's overdraft obligation due the second creditor a "future advance...

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