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NEW OIL, INC. v. FIRST INTERSTATE BANK

No. 93-262.

895 P.2d 871 (1995)

NEW OIL, INC., a Wyoming corporation; and Ben R. Doud, Appellants (Defendants), v. FIRST INTERSTATE BANK OF COMMERCE, Appellee (Plaintiff).

Supreme Court of Wyoming.

May 24, 1995.

Attorney(s) appearing for the Case

Georg Jensen, Cheyenne, for appellants.

Dan B. Riggs, Haultain E. Corbett, and Jonathan A. Botten of Lonabaugh & Riggs, Sheridan, and James P. Schermetzler, Gillette, for appellee.

Before GOLDEN, C.J., and THOMAS, MACY, LEHMAN, JJ., and ROONEY, J., Retired.

THOMAS, Justice.

The only issue in this case is whether First Interstate Bank of Commerce (Bank) held a valid security interest in an oil field pumping unit superior to any interest claimed by New Oil, Inc. and its president, Ben R. Doud (New Oil). The resolution of the case is controlled by the provisions of the Uniform Commercial Code (UCC) which govern the perfection of a security interest. The trial court determined there was no genuine issue of material fact...

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