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VALLEY FEDERAL SAV. BANK v. STAHL

No. 18585.

793 P.2d 851 (1990)

110 N.M. 169

VALLEY FEDERAL SAVINGS BANK, f/k/a Valley Federal Savings and Loan Association, a federally chartered stock savings bank, Plaintiff, v. Vernon O. STAHL and Marcia Stahl, his wife, d/b/a V & M Stahl Dairy, et al., Defendants. ASSOCIATED MILK PRODUCERS, INC., Cross-Claimant and Cross-Defendant-Appellant, v. BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION, Cross-Claimant and Cross-Defendant-Appellee.

Supreme Court of New Mexico.

June 18, 1990.

Attorney(s) appearing for the Case

R. Russell Rager, Albuquerque, for appellant.

Sheehan, Sheehan & Stelzner, Cindy S. Murray, Albuquerque, for appellee.

OPINION

RANSOM, Justice.

This action was initiated when Valley Federal Savings Bank sued Vernon and Marcia Stahl, doing business as V & M Stahl Dairy, to collect money due and to foreclose a real estate mortgage and personal property liens. On this appeal we consider only the issue of priority remaining between two cross-claiming subordinate lienholders, appellant Associated Milk Producers and appellee Bank of America. The crossclaims were presented...

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