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GUARDIAN STATE BANK v. LAMBERT

No. 910438-CA.

834 P.2d 605 (1992)

GUARDIAN STATE BANK, a Utah banking corporation, Plaintiff and Appellee, v. Charles LAMBERT dba LC Investments, Defendant and Appellant.

Court of Appeals of Utah.

June 30, 1992.

Attorney(s) appearing for the Case

Gerald M. Conder, Salt Lake City, for defendant and appellant.

Stephen B. Mitchell, Salt Lake City, for plaintiff and appellee.

Before BENCH, GREENWOOD and JACKSON, JJ.

OPINION

GREENWOOD, Judge:

Appellant Charles Lambert dba LC Investments (Lambert) appeals the trial court's entry of summary judgment in favor of appellee Guardian State Bank (Guardian) declaring that Guardian's perfected security interest has priority over Lambert's unperfected security interest in the same collateral. We affirm.

BACKGROUND

On February 10, 1983, Rocky Mountain State Bank (Rocky Mountain) filed a UCC-1 financing statement...

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