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KNIGHT PROPERTIES v. STATE BANK & TRUST CO.

No. 2009-CA-01429-COA.

77 So.3d 491 (2011)

KNIGHT PROPERTIES, INCORPORATED and Chad Knight, Appellants v. STATE BANK & TRUST COMPANY, Appellee.

Court of Appeals of Mississippi.

Rehearing Denied January 10, 2012.

Attorney(s) appearing for the Case

Drew McLemore Martin , Melissa Selman Martin , Jackson, attorneys for appellants.

Ronald Keith Foreman , Annette Elise Bulger Mathis , attorneys for appellee.

EN BANC.

KING, C.J., for the Court:

¶ 1 Knight Properties, Inc. (KPI) and Chad Knight entered into a contract with State Bank & Trust Co. for a loan and offered six tracts of land as security. KPI and Knight defaulted on the loan, and State Bank pursued a monetary judgment. The Circuit Court of Madison County granted summary judgment to State Bank. KPI and Knight filed a post-trial motion to reconsider and to vacate the judgment, which was denied. KPI and Knight have...

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