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QUEENSBORO STEEL CORP. v. EAST COAST MACH. & IRON WORKS, INC.

No. 855SC886.

346 S.E.2d 248 (1986)

QUEENSBORO STEEL CORPORATION, v. EAST COAST MACHINE & IRON WORKS, INC. and Branch Banking and Trust Company.

Court of Appeals of North Carolina.

August 5, 1986.

Attorney(s) appearing for the Case

Stevens, McGhee, Morgan, Lennon & O'Quinn by Richard M. Morgan, Wilmington, for plaintiff-appellee.

Ward and Smith, P.A. by Michael P. Flanagan and William F. Hill, New Bern, for defendant-appellant.

BECTON, Judge.

In this action, Queensboro Steel Corporation (Queensboro) asserted a materialman's lien on funds owing from Cives Steel Company (Cives) to East Coast Machine & Iron Works, Inc. (East Coast) for steel supplied originally by Queensboro. Branch Banking and Trust Company (Branch Banking) sought to enforce a security interest in the accounts receivable of East Coast, which included the funds sought by Queensboro. The disputed funds were placed in escrow...

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