General Lithographing Co. v. Sight & Sound Projectors, Inc.

Pannell, Judge.

These cases present an appeal and cross appeal involving the order of priorities to a chose in action among an unperfected security interest, a garnishing creditor, a lien creditor, a perfected security interest, and other intervening judgment creditors.

1. The trial court did not err in holding that the security interest of First National Heller Factors, Inc. (cross-appellant) was perfected after the garnishment of appellee Sight & Sound Projectors, Inc., but prior to any garnishment or claim by any other creditor or defendant. Distribution of money received by garnishment must…