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PAIR A DICE FARMS, INC. v. InSOUTH BANK OF COVINGTON

Nos. 2011-CA-01719-COA, 2011-CA-01721-COA.

118 So.3d 165 (2012)

PAIR A DICE FARMS, INC., James G. Pollock Jr. and Wife, Debra White Pollock, and Walter B. Pollock and Wife, Debra Pollock, Appellants v. InSOUTH BANK OF COVINGTON, Appellee. James G. Pollock Jr. and Wife, Debra White Pollock, Walter B. Pollock and Wife, Debra Pollock, Appellants v. InSouth Bank of Covington, Appellee.

Court of Appeals of Mississippi.

Rehearing Denied April 30, 2013.

Certiorari Denied July, 25, 2013.

Attorney(s) appearing for the Case

W. Dean Belk Jr. , Indianola, Iva Kuykendall Horne-Murry , attorneys for appellants.

Harold H. Mitchell Jr. , Greenville, Alexandra Hutton Oglesby , attorneys for appellee.

Before IRVING, P.J., ISHEE and ROBERTS, JJ.

ROBERTS, J., for the Court:

¶ 1. In these two consolidated cases, the lessors of farm land failed to perfect their security interests in government payments to the lessee. However, a bank perfected its own security interest in those government payments after the lessee borrowed money. Following the lessee's declaration of bankruptcy, the bank applied the government payments to the unpaid portion of the lessee's loan.

¶ 2. The lessors sued the bank...

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