BANK OF DANVILLE v. FARMERS NAT. BANK, ETC.


602 S.W.2d 160 (1980)

BANK OF DANVILLE, Movant, v. FARMERS NATIONAL BANK OF DANVILLE, KENTUCKY, Respondent.

Supreme Court of Kentucky.

Rehearing Denied September 2, 1980.


Attorney(s) appearing for the Case

James William Barnett, Sheehan, Barnett & Hays, Danville, for movant.

Nelson D. Rodes, Jr., Danville, for respondent.


STERNBERG, Justice.

This action involves the priority of a security agreement and financing statement of the Bank of Danville and Farmers National Bank of Danville. Hereafter, for brevity, we will refer to the Bank of Danville as the "Bank" and to Farmers National Bank of Danville as "Farmers."

Garnett Baugh and Gertrude Baugh, his wife, throughout a period of several years had executed to the Bank four separate evidences of indebtedness and were in default...

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