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SIGNAL CORP. v. LAKE SHORE NAT. BANK

No. 1-93-3721.

652 N.E.2d 1364 (1995)

273 Ill. App.3d 761

210 Ill.Dec. 388

SIGNAL CAPITAL CORPORATION, as Successor in Interest to Textron Financial Corporation, Plaintiff-Appellant and Counterdefendant-Appellant v. LAKE SHORE NATIONAL BANK, as Trustee, et al., Defendants (Aetna Life Insurance Company, Intervenor-Plaintiff; Elkay Manufacturing Company, Counterplaintiff-Appellee).

Appellate Court of Illinois, First District, First Division.

June 30, 1995.

Attorney(s) appearing for the Case

Wilson & McIlvaine, Chicago (Thomas J. Magill and Clinton J. Wesolik, of counsel), for appellant.

McGurn & Associates, Ltd., Chicago (Michael McGurn and John P. Cooney, of counsel), for appellee.

Presiding Justice CAMPBELL delivered the opinion of the court:

Signal Capital Corporation (Signal), appeals from an order of the circuit court of Cook County, entered on September 15, 1993, granting summary judgment in favor of defendant, Elkay Manufacturing Company (Elkay). On appeal, Signal contends that: (1) the trial court erred in finding that Elkay had a perfected purchase money security interest in certain telephone equipment which is superior to Signal's interest...

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