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STATE BANK & TRUST, ETC. v. FIRST NAT. BANK

No. 1969cv.

635 S.W.2d 807 (1982)

STATE BANK AND TRUST COMPANY OF BEEVILLE, Appellant, v. The FIRST NATIONAL BANK OF BEEVILLE, Appellee.

Court of Appeals of Texas, Corpus Christi.

Rehearing Denied June 25, 1982.

Attorney(s) appearing for the Case

Harrell Browning, Harris, Cook & Browning, Charles D. Thompson, Corpus Christi, for appellant.

Marion E. Williams, Jr., Handley & Williams, Beeville, for appellee.

Before BISSETT, KENNEDY and GONZALEZ, JJ.

OPINION

KENNEDY, Justice.

In this case we face the problem of priority among creditors under the Uniform Commercial Code (hereinafter "the Code"). The collateral in question has already been sold and the proceeds deposited with the district court. Summary judgment was rendered in the lower court in favor of appellee First National Bank of Beeville. We reverse and render.

Ignoring some of the finer details of this appeal concerning names by which...

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