FARM CREDIT MIDSOUTH v. REECE CONTRACTING

No. 04-121.

196 S.W.3d 488 (2004)

FARM CREDIT MIDSOUTH, PCA, Farm Credit Midsouth, FLCA, Appellants, v. REECE CONTRACTING, INC., Reece's Arkansas Pride Catfish, James A. Reece, Barbara E. Reece, Kyle Allen Reece, Rhonda Reece, James T. Reece, Fidelity National Bank, Appellees.

Supreme Court of Arkansas.

October 28, 2004.


Attorney(s) appearing for the Case

Barrett & Deacon, by: Ralph W. Waddell, D.P. Marshall, Jr., and Leigh M. Chiles, Jonesboro, for appellant.

W. Frank Morledge, P.A., Forrest City, for appellee.


JIM HANNAH, Justice.

Farm Credit Midsouth, PCA appeals from an October 28, 2003, judgment on the counterclaim of Fidelity National Bank entered in the St. Francis County Circuit Court. Farm Credit asserts that the circuit court erred in finding that Fidelity perfected a security interest in certain heavy equipment that entitled Fidelity to the proceeds of the sale of the equipment. We hold that Fidelity failed to perfect a security interest. This case is reversed...

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