FIRST NAT. BANK & TRUST v. SECURITY NAT. BANK

Nos. 60151, 60645.

676 P.2d 837 (1984)

FIRST NATIONAL BANK AND TRUST COMPANY OF NORMAN, OKLAHOMA, a National Banking Institution, Appellant, v. SECURITY NATIONAL BANK AND TRUST COMPANY OF NORMAN, OKLAHOMA; The Weather Station, Inc., an Oklahoma Corporation, Thomas Baxter and Linda Hooper, Appellee. SECURITY NATIONAL BANK AND TRUST COMPANY OF NORMAN, OKLAHOMA, Appellant, v. FIRST NATIONAL BANK AND TRUST COMPANY OF NORMAN, Appellee.

Supreme Court of Oklahoma.

As Corrected February 28, 1984.


Attorney(s) appearing for the Case

James E. Pence, Pence & Housley, Norman, for appellant, First Nat. Bank and Trust, Norman, Okl.

Rebecca J. Patten, English, Patten, Deatherage & Rife, Norman, for appellee, Security Nat. Bank and Trust Co.


LAVENDER, Justice:

At issue is the priority, inter se, of two creditors claiming a security interest in the same collateral under Part 3, Art. 9 of the Oklahoma Commercial Code — Rights of Third Parties; Perfected and Unperfected Security Interests; Rules of Priority (12A O.S. 1981 § 9-309, et seq.).

The essential facts for determination of the issues on appeal are as follows:

On November 22, 1980...

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