Citizens Bank & Trust v. Piggly Wiggly Alabama Distributing Co.

THOMPSON, Presiding Judge.

•. Citizens, Bank. & Trust (“Citizens”) appeals from a judgment of the Bessemer Division of the Jefferson Circuit Court (“the trial court”) determining that a- security interest Citizens held in certain stock was subordinate to the rights Piggly Wiggly Alabama Distributing Company, Inc. (“Piggly Wiggly”), had in that same stock as a lien creditor. Because the amount of the lien far exceeded the'value 'of the stock, the trial court found, Citizens had no rights in the stock.

The record indicates the following facts relevant to this appeal. James David White was the…