SIMMONS FIRST NAT'L BANK v. WELLS

No. 83-45.

650 S.W.2d 236 (1983)

279 Ark. 204

SIMMONS FIRST NATIONAL BANK, Appellant, v. Harold D. WELLS, Appellee.

Supreme Court of Arkansas.

May 9, 1983.


Attorney(s) appearing for the Case

Coleman, Gantt, Ramsay & Cox, Pine Bluff, for appellant.

Gill & Johnson by Marion Gill, Dumas, for appellee.


HAYS, Justice.

This suit presents the issue of whether the interest of a secured creditor in the inventory of a grain dealer is superior to that of a rice grower who subsequently deposits his rice with that dealer.

On May 1, 1980, Simmons First National Bank made a loan of $520,000 to Western Rice Mills, Inc., for which Western granted Simmons a security interest in all of its real and personal property, including all inventory and after acquired property...

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