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MEDALIST FORMING SYS. v. MALVERN NAT. BK.

No. 91-363.

832 S.W.2d 228 (1992)

309 Ark. 561

MEDALIST FORMING SYSTEMS, INC., Appellant, v. MALVERN NATIONAL BANK, Appellee.

Supreme Court of Arkansas.

June 8, 1992.

Attorney(s) appearing for the Case

Monte D. Estes, Little Rock, for appellant.

Mark Roberts, Malvern, for appellee.

CORBIN, Justice.

Medalist Forming Systems, Inc. (Medalist) appeals an order entered in a receivership action authorizing the liquidation of certain property in possession of Concrete Curing and EPOX Products Company (CCEP), and ordering the proceeds of the liquidation applied to CCEP's debt to appellee Malvern National Bank (Bank).

The bank brought the receivership action in Hot Spring County Chancery Court after CCEP defaulted on two promissory notes held...

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