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TEXAS BANK OF BEAUMONT v. BOZORG

No. 84-C-0508.

457 So.2d 667 (1984)

TEXAS BANK OF BEAUMONT v. Kazem Michel BOZORG.

Supreme Court of Louisiana.

Rehearing Denied November 15, 1984.

Attorney(s) appearing for the Case

Jerome K. Lopsich, Max Nathan, Jr., Sessions, Fishman, Rosen, Boisfontaine & Nathan, New Orleans, Richard T. Regan, Francipane, Regan & St. Peé, Metairie, for intervenor-applicant.

Thomas G. Donelon, Kenner, for plaintiff.

Kazem Michel Bozorg, pro se.

LEMMON, Justice.

This case involves the ranking of two collateral mortgages executed by Kazem Bozorg, one of which was held by Texas Bank of Beaumont (TBB), the foreclosing creditor, and the other by Massey-Ferguson, Inc. (MFI), who intervened in the executory proceedings. Several important issues are presented regarding the rights to ranking under La.C.C. Art. 3158 when the holder of the collateral mortgage note is not the original pledgee.

I.

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