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McRAE v. SECURITY PACIFIC HOUSING SERV.

1921108.

628 So.2d 429 (1993)

Joan G. McRAE and C. Michael Stilson, as trustee, intervenor, v. SECURITY PACIFIC HOUSING SERVICES, INC. Virginia W. JOHNSON and C. Michael Stilson, as trustee, intervenor, v. SECURITY PACIFIC HOUSING SERVICES, INC. Charlie DEGRAFFENRIED and C. Michael Stilson, as trustee, intervenor, v. SECURITY PACIFIC HOUSING SERVICES, INC.

Supreme Court of Alabama.

August 27, 1993.

Attorney(s) appearing for the Case

Jesse P. Evans III and Marvin E. Franklin of Najjar Denaburg, P.C., Birmingham, for C. Michael Stilson as trustee, intervenor.

Richard C. Duell III, Paul J. Spina III, and Edith Jane Schauble of Duell & Spina, P.C., Birmingham, for appellee.

Robert E. Sasser and Dorothy W. Littleton of Sasser & Littleon, P.C., Montgomery, for amicus curiae The Alabama Manufactured Housing Institute.

SHORES, Justice.

The United States Bankruptcy Court for the Northern District of Alabama, Western Division, certified the following question of law to us:

"Does the last sentence of Ala.Code § 7-9-403(6) mean that a financing statement perfecting a security interest in a pre-1990 mobile home lapses after 5 years under Ala.Code § 7-9-403(2) where the financing statement does not state specifically that it will remain effective until...

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