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AMG INDUSTRIES, INC. v. A.J. ECKERT COMPANY, INC.

279 A.D.2d 717 (2001)

719 N.Y.S.2d 192

AMG INDUSTRIES, INC., Respondent, and GLENS FALLS NATIONAL BANK & TRUST COMPANY, Proposed Intervenor-Appellant, v. A.J. ECKERT COMPANY, INC., et al., Respondents, et al., Defendants.

Appellate Division of the Supreme Court of the State of New York, Third Department.

Decided January 11, 2001.

Peters, J.

Between June 1991 and January 1995, Glens Falls National Bank & Trust Company (hereinafter GFNB) extended a series of loans and lines of credit to plaintiff, a construction company, totaling over $2 million. These amounts were secured with a duly executed and perfected security interest in plaintiff's current and after-acquired equipment, inventory, accounts receivable, contract rights and general intangibles.

In May 1995, plaintiff filed a...

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