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RANIER v. GILFORD

688 S.W.2d 753 (1985)

Harry H. RANIER, Algin Nolan, d/b/a Ranier & Associates, Appellants, v. Samuel A. GILFORD, Richard I. Gilford, Ronald M. Gilford, d/b/a Samuel A. Gilford, Co. (Ltd.) a limited partnership, Appellees. and SAMUEL A. GILFORD CO. (LTD.), a limited partnership, Cross-Appellant, v. Harry H. RANIER, Algin Nolan, d/b/a Ranier & Associates, Cross-Appellees.

Court of Appeals of Kentucky.

Rehearing Denied March 15, 1985.

Discretionary Review Denied and Opinion Ordered Published by Supreme Court May 14, 1985.

Attorney(s) appearing for the Case

Tom H. Pierce, Rouse, Rouse, Combs & Pierce, Versailles, for appellants/cross-appellees.

Thomas Bell, James H. Newberry, Jr., Fowler, Measle & Bell, Lexington, for appellees/cross-appellant.

Before HAYES, C.J., and COMBS and WHITE, JJ.

HAYES, Chief Judge:

The only issue with substance raised by appellant is whether Kentucky law, specifically the Uniform Commercial Code — KRS Chapter 355 — recognizes a secured creditor's right for wrongful conversion of collateral against the transferee of the original debtor. In this case of first impression in Kentucky, we hold that KRS 355.9-306(2) permits such an action and we therefore affirm the judgment of the trial court.

Appellee, Samuel...

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