MATTER OF TRI-STATE EQUIPMENT, INC.

No. 84-1771.

792 F.2d 967 (1986)

In the Matter of TRI-STATE EQUIPMENT, INC., Debtor. ALLIS-CHALMERS CREDIT CORPORATION, a Wisconsin Corporation, et al., Plaintiff, Allis-Chalmers Corporation, a Delaware Corporation, Plaintiff-Appellant, Central Bank of West Greeley, a banking corporation, Plaintiff-Appellee, v. TRI-STATE EQUIPMENT, INC.; and Ross J. Wabeke, Trustee, Defendants.

United States Court of Appeals, Tenth Circuit.

June 3, 1986.


Attorney(s) appearing for the Case

Brent R. Cohen (Garry R. Appel, Rothgerber, Appel & Powers, with him on briefs) Denver, Colo., for Allis-Chalmers Corp.

John E. Bush, Denver, Colo., for Central Bank of West Greeley.

Before LOGAN and BALDOCK, Circuit Judges, and SAFFELS, District Judge.


LOGAN, Circuit Judge.

In this appeal two creditors assert competing security interests in a bankrupt farm equipment dealer's inventory of used farm implements.

Allis-Chalmers Corporation and the Central Bank of West Greeley separately financed the operations of debtor Tri-State Equipment, Incorporated. Both Allis-Chalmers and Central Bank executed security agreements with Tri-State which gave them security interests in portions of Tri-State's property. Both...

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