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FIRST INTERSTATE BANK v. ARIZONA AGROCHEMICAL

No. 84CA1331.

731 P.2d 746 (1986)

FIRST INTERSTATE BANK OF DENVER, N.A., Plaintiff-Appellee, v. ARIZONA AGROCHEMICAL COMPANY, Defendant-Appellant.

Colorado Court of Appeals, Div. II.

Rehearing Denied September 18, 1986.

Certiorari Denied January 20, 1987.

Attorney(s) appearing for the Case

Hughes & Dorsey, Richard L. Thorgren, Denver, for plaintiff-appellee.

Trujillo and Mrzlak, P.C., Michael H. Trujillo, Monte Vista, for defendant-appellant.

Certiorari Denied (Bank) January 20, 1987.

VAN CISE, Judge.

In this action to recover proceeds from the sale of collateral, the defendant, Arizona Agrochemical Company (Agrochemical), appeals the summary judgment entered in favor of the plaintiff, First Interstate Bank (Bank). We reverse.

The following facts are not in dispute. As collateral for an October 1981 loan to Boyce Baumgardner (Baumgardner), the Bank relied upon its prior perfected security...

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