First National Bank of Bethany, a National Banking Association v. American General Fire and Casualty Company, a Texas Insurance Corporation

BRORBY, Circuit Judge.

In this diversity action for conversion under Oklahoma law, plaintiff appeals from the district court’s order denying plaintiff’s motion for partial summary judgment and granting defendant’s motion for summary judgment. 1 The parties stipulated to the following facts:

Plaintiff loaned Serigraphics Corporation (debtor) a sum of money. In return, debtor gave plaintiff a security interest in debtor’s inventory and equipment and the proceeds therefrom. Plaintiff perfected its security interest by filing a financial statement with the appropriate county clerk.

Due to the…