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GRAVES CONST. CO. v. ROCKINGHAM NAT. BANK

Record No. 780186.

263 S.E.2d 408 (1980)

GRAVES CONSTRUCTION COMPANY, INCORPORATED, and County School Board of Albemarle County v. ROCKINGHAM NATIONAL BANK.

Supreme Court of Virginia.

February 29, 1980.

Attorney(s) appearing for the Case

Archibald Wallace, III, Richmond (M. Pierce Rucker, Albert D. Bugg, Jr., Sands, Anderson, Marks & Miller, Richmond, on briefs), for appellants.

George H. Roberts, Jr., Harrisonburg (Phillip C. Stone, Wharton, Aldhizer & Weaver, Harrisonburg, on brief), for appellee.

Elizabeth M. Allen, William H. King, Jr., McGuire, Woods & Battle, Richmond, on brief, for amicus curiae Associated Gen. Contractors of Virginia, Inc.

Before I'ANSON, C. J., and CARRICO, HARRISON, COCHRAN, POFF and COMPTON, JJ.

POFF, Justice.

Graves Construction Company, Incorporated (Graves), and the School Board of Albemarle County (the Board) appeal from a judgment based upon a ruling that their interests in certain electrical supplies were subordinate to the security interest of Rockingham National Bank (the Bank). Because we believe Graves and the Board took the goods free of the Bank's security interest, we reverse.

The material facts are not in dispute.

In May 1975...

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