ITT Commercial Finance Corp. v. Madisonville Recapping Co.

HOWARD, Judge.

In this case, the appellant appeals from a judgment of the Webster Circuit Court upholding the findings of fact and conclusions of a special commissioner in which mechanic’s liens were determined to have priority over a purchase money security interest. The facts in this case are largely undisputed.

Coal Exchange of Kentucky, Inc. operated a strip mine in Webster County, Kentucky, and all of its equipment was in that county. Coal Exchange, however, had a registered office in Jefferson County, Kentucky.

In September of 1985, the appellee, Madi-sonville Recapping Company, Inc.,…