GUNNISON VALLEY BANK v. MADSEN

No. 18817.

685 P.2d 543 (1984)

GUNNISON VALLEY BANK, Plaintiff and Appellant, v. Jerry MADSEN, Dennis W. Neely and Robert Neely, individually, and Neely Construction, and Interwest Service and Supply, a Utah corporation, Defendants and Respondents.

Supreme Court of Utah.

July 5, 1984.


Attorney(s) appearing for the Case

Dale M. Dorius, Brigham City, for plaintiff and appellant.

Tex R. Olsen, Richfield, for defendants and respondents.


PER CURIAM.

This case involves application of U.C.A., 1953, § 38-2-3 which governs the determination of priorities between a repairman claiming a lien on personal property and a secured party.

In May, 1979, Jerry Madsen obtained a loan from plaintiff bank. As security therefor, Madsen pledged a 1971 International tractor, a 1969 Kenworth tractor, and a 1953 Lowboy trailer. Thereafter, Madsen and Dennis Neely entered into an agreement wherein the vehicles...

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