Ranchers & Farmers Livestock Auction Co. of Clovis v. First State Bank of Tulia

ROBINSON, Justice.

The First State Bank of Tulia sought to garnish cattle and the proceeds held by the Tulia Livestock Auction, Inc. for J. E. Lit-tlefield. Littlefield and the Ranchers and Farmers Livestock Auction Company of Clovis, New Mexico, intervened, alleging that the Clovis auction company had a purchase money security interest in the proceeds and cattle under the Uniform Commercial Code portion of the Texas Business and Commerce Code. The trial court granted the bank’s motion for summary judgment and denied that of the intervenors. The intervenors appeal. Affirmed.

In addition to…