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GOLD MEDAL PRODUCTS, INC. v. LOVE ENTERPRISES, INC.

No. 15580.

766 S.W.2d 759 (1989)

GOLD MEDAL PRODUCTS, INC., Plaintiff-Appellant, v. LOVE ENTERPRISES, INC., Defendant-Respondent.

Missouri Court of Appeals, Southern District, Division Two.

February 24, 1989.

Attorney(s) appearing for the Case

W. Henry Johnson, Neosho, for plaintiff-appellant.

Robert W. Evenson, Evenson, Carlin & LePage, Pineville, for defendant-respondent.

HOGAN, Judge.

This appeal presents a question of priority of interest in the proceeds of a lawsuit under the provisions of § 400.9-301(1)(b), RSMo 1986.1 Section 400.9-301(1)(b), prior to its amendment in 1988, read as follows:

"(1) Except as otherwise provided in subsection (2), an unperfected security interest is subordinate to the rights of ... (b) a person who becomes a lien creditor without knowledge of the...

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