GENERAL ELEC. CO. v. M & C MFG., INC.

No. 84-96.

671 S.W.2d 189 (1984)

283 Ark. 110

GENERAL ELECTRIC COMPANY, Appellant, v. M & C MANUFACTURING, INC., d/b/a Manufacturing Company, Inc. and Ruby Carraway, Appellees.

Supreme Court of Arkansas.

July 2, 1984.


Attorney(s) appearing for the Case

Robert C. Lowry, Little Rock, for appellant.

Richard L. Roper, Warren, for appellees.


HICKMAN, Justice.

The question before us is whether a security interest in certificates of deposit, perfected by possession, is superior to a judgment against the owner of the certificates. The trial court was right in holding the possessory security interest superior.

The appellant obtained a judgment of almost $27,000 against the appellees M & C Manufacturing and Ruby Carraway on July 16, 1982. Prior to the judgment Mrs. Carraway had assigned eleven...

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