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AGRICO CHEMICAL CO. v. E.K. PAINTING, INC.

No. 82-C-1928.

432 So.2d 253 (1983)

In re AGRICO CHEMICAL CO. v. E.K. PAINTING, INC.

Supreme Court of Louisiana.

May 23, 1983.

Attorney(s) appearing for the Case

James M. Ross, Eaton & Ross, Baton Rouge, for applicant.

John D. Brady, Richard L. Crawford, Newman & Drolla, Baton Rouge, Henry F. Mestayer, Satterlee, Mestayer & Freeman, New Orleans, for respondent.

LEMMON, Justice.

This concursus proceeding was filed to resolve the dispute between three competing creditors of E.K. Painting, Inc. over funds owed by Agrico Chemical Company to E.K. The principal issue is the validity of E.K.'s assignment of accounts receivable to Louisiana National Bank (LNB), one of the competing creditors, under the provisions of Louisiana's Assignment of Accounts Receivable Law, La.R.S. 9:3101 through 3110. The other two creditors, who obtained...

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