MERCHANTS & PLANTERS BK. v. PHOENIX HOUS. SYSTEMS, INC.

No. CA 86-250.

729 S.W.2d 433 (1987)

21 Ark.App. 153

MERCHANTS AND PLANTERS BANK AND TRUST COMPANY OF ARKADELPHIA, Arkansas, Appellant, v. PHOENIX HOUSING SYSTEMS, INC., et al., Appellees.

Court of Appeals of Arkansas, Division I.

Rehearing Denied July 1, 1987.


Attorney(s) appearing for the Case

McMillan, Turner & McCorkle by Toney McMillan, Arkadelphia, for appellant.

McKenzie, McRae & Vasser by James McKenzie, Prescott, Wright & Chaney by William Wright, Arkadelphia, for appellees.


MAYFIELD, Judge.

Appellant, Merchants and Planters Bank, brings this appeal from the action of the Hempstead County Circuit Court holding that the Bank of Yellville had a security interest, superior to the security interest of appellant, in a modular building still under construction.

Phoenix Housing Systems was an Arkansas corporation which manufactured modular buildings. They were similar to mobile homes except they had no chassis or wheels. The completed...

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