Citizens National Bank in Ennis v. Sperry Rand Corp.

OPINION

HALL, Justice.

This case poses a problem of priority between a purchase money security interest held by appellee in a haybine, and a security interest subsequently taken by the appellant bank in the haybine as partial collateral to secure a loan. The solution involves an application of a portion of Section 9.302, Vernon’s Texas Codes Annotated, Business and Commerce.

Upon the pleadings, admissions and affidavits, the trial court rendered summary judgment for appellee for $900 against the bank for an alleged conversion by the bank of appellee’s security interest. In oral argument before…