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SO. SHORE BK v. JOHNSON HYD. MFG. CO.

No. 3-84-0141.

131 Ill. App.3d 1024 (1985)

477 N.E.2d 1

SOUTH SHORE BANK, Plaintiff and Counterdefendant-Appellee, v. JOHNSON HYDRAULIC MANUFACTURING COMPANY, Defendant and Counterplaintiff and Third-Party Defendant-Appellant.

Appellate Court of Illinois — Third District.

Rehearing denied May 8, 1985.

Attorney(s) appearing for the Case

Richard N. Molchan and Timothy L. Bertschy, both of Heyl, Royster, Voelker & Allen, of Peoria, for appellant.

Franklin A. Nachman and Jennifer P. Ewers, both of Conklin & Adler, Ltd., of Chicago, for appellee.

Judgment affirmed.

JUSTICE BARRY delivered the opinion of the court:

The question before us is whether a federally recorded security interest in an airplane is superior to the interest of a prior buyer of the same airplane in the ordinary course of business who first attempts to record the transfer of title 14 months after the security interest is recorded. We hold that it is.

In the interest of brevity, we will confine our discussion of a rather complex...

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