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ITT COMMERCIAL FINANCE CORP. v. TECH POWER, INC.

Docket No. B080858.

43 Cal.App.4th 1551 (1996)

51 Cal. Rptr.2d 344

ITT COMMERCIAL FINANCE CORPORATION, Plaintiff and Respondent, v. TECH POWER, INC., Defendant; EVEREX SYSTEMS, INC., Third Party Claimant and Appellant.

Court of Appeals of California, Second District, Division Four.

March 27, 1996.

Attorney(s) appearing for the Case

COUNSEL

Van Roo & Brock and William A. Van Roo for Third Party Claimant and Appellant.

Dennis M. Young for Plaintiff and Respondent.

No appearance for Defendant.

OPINION

VOGEL (C.S.), P.J.

Appellant and third party claimant Everex Systems, Inc., appeals from the trial court's conclusion that Everex did not hold a security interest in the deposit account of its debtor, Tech Power, Inc. As a result of the ruling, Everex's claims were deemed subordinate to the those of plaintiff and respondent ITT Commercial Finance Corporation, a judgment creditor...

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