First American Bank & Trust, N.A. v. Farmers State Bank of Canton

SABERS, Justice.

[¶ 1.] First American Bank & Trust (First American) brought a declaratory action against Farmers State Bank (Farmers Bank) to determine which party was in the first position secured party. Midwest Copier Solutions, Inc. (Copier)1 intervened and alleged various causes of actions against both banks. All parties moved for partial summary judgment. After the circuit court ruled against Copier, it appealed. We affirm.

FACTS

[¶ 2.] On January 17, 2003, Copier sold its business to Keith Beachler’s newly formed company, Midwest Communications (Communications). Communications purchased…