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PREMIER BANK, NAT. ASS'N v. PREVOST MOTORS, INC.

No. CA 91 0173.

597 So.2d 1136 (1992)

PREMIER BANK, NATIONAL ASSOCIATION v. PREVOST MOTORS, INC.

Court of Appeal of Louisiana, First Circuit.

Rehearing Denied May 28, 1992.

Attorney(s) appearing for the Case

A. Michael Dufilho, Baton Rouge, for plaintiff-appellee Premier Bank, NA.

A. Edward Hardin, Baton Rouge, for intervenor Generla Elec. Capital Commercial Automotive Finance, Inc.

James M. Garner, Rudy J. Cerone, New Orleans.

J. David Forsyth, New Orleans, for defendant-appellee Volkswagen of America.

William H. Patrick, Baton Rouge, for Prevost Motors.

Before COVINGTON, C.J., and LeBLANC and WHIPPLE, JJ.

WHIPPLE, Judge.

This case involves the ranking of two collateral chattel mortgages to secure future advances executed by Prevost Motors, Incorporated (Prevost). Both mortgages encumbered the same inventory of motor vehicles, parts and accessories and were originally pledged to Louisiana National Bank (LNB) and to Borg-Warner Acceptance Corporation (Borg-Warner). The LNB mortgage had been filed and recorded with the Louisiana Department of Public Safety first and was...

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