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ITT INDUS. CREDIT v. UNION BANK & TRUST

615 S.W.2d 2 (1981)

ITT INDUSTRIAL CREDIT COMPANY, Appellant, v. UNION BANK AND TRUST COMPANY, Appellee.

Court of Appeals of Kentucky.

April 17, 1981.

Attorney(s) appearing for the Case

William R. Mapother, C. Joseph Greene, Louisville, for appellant.

Sidney H. Hulette, Morganfield, for appellee.

Before COOPER, HOWERTON and McDONALD, JJ.

HOWERTON, Judge.

ITT Industrial Credit Company appeals from a summary judgment determining that the Union Bank and Trust Company has a superior lien against a 1973 Speicher trencher with a laser control system and a tracking receiver. ITT presents four arguments for reversal.

1. Priorities under Article 9 are based on a notice filing system and a first secured party to file has priority. 2. The principle that the first to file should have priority...

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