The parties to this appeal, respondent Dina Braendle and appellant American Overseas Air Freight, Inc., (American Overseas) are both creditors of Ruediger Braendle and have conflicting claims to stock owned by him. We conclude that Dina Braendle holds a prior perfected security interest, and therefore has precedence. We further hold that American Overseas may not recover the debt owed by Ruediger from her or property...
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