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ST. JAMES BANK AND TRUST CO. v. S & H ENTERPRISES, INC.

No. 88-CA-227.

532 So.2d 915 (1988)

ST. JAMES BANK AND TRUST COMPANY v. S & H ENTERPRISES, INC., et al.

Court of Appeal of Louisiana, Fifth Circuit.

October 12, 1988.

Attorney(s) appearing for the Case

Thomas P. Perkins, Jr., Baton Rouge, for defendant-appellant, LAMBDA.

Michael K. Heltz, Gramercy, for plaintiff-appellee, St. James Bank & Trust Co.

Before CHEHARDY, BOWES and GRISBAUM, JJ.

BOWES, Judge.

This appeal arises from a judgment in favor of St. James Bank and Trust Company (hereinafter the Bank) and against the Louisiana Minority Business Development Authority (hereinafter LAMBDA) in which the trial court ruled that the Bank had preference for the unpaid balance of a loan. LAMBDA appeals. We affirm.

The facts of this case are not in dispute. S & H Enterprises, Inc. executed a series of promissory notes with a continuing line of...

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