Pittsburgh Tube Co. v. Tri-Bend, Inc.

Holbrook, Jr., J.

Plaintiff was ordered to pay third-party plaintiffs $9,084.47 after the Jackson Circuit Court found that the third-party plaintiffs possessed a perfected security interest in the assets of defendant Tri-Bend, Inc. Plaintiff appeals as of right, claiming that the third-party plaintiffs did not have a valid security interest under Article 9 of the Uniform Commercial Code and that the conveyance of the security interest was invalid under the Business Corporation Act, MCL 450.1101 et seq.; MSA 21.200(101) et seq., and the Uniform Fraudulent Conveyance Act, MCL 566.11 et seq.; MSA…