Hubbard v. Hardeman County Bank

HIGHERS, Judge.

This ease involves a dispute over proceeds from the sale of two one-story branch bank buildings (“buildings”). Defendant, Harde-man County Bank (“HCB”), claims an interest in the proceeds because it held a perfected security interest in the buildings as personalty. Plaintiff, William B. Hubbard, who is the receiver for First National Bancshares Financial Services, Inc. (“FNBFS”), claims an interest in the proceeds because he filed a lien lis pendens covering the buildings. Hubbard asserts that HCB’s claimed security interest in the buildings is invalid because HCB perfected its…