Intermountain Brick Co. v. Valley Bank

JOFFE, District Judge, Retired.

After appellant Intermountain Brick Company received judgment, execution, and garnishment of accounts receivable of a masonry contractor through a separate lawsuit, appellee Valley Bank brought suit against Intermountain for conversion, claiming that Valley Bank had a valid and *428prior perfected security interest in those assets. Both parties filed for summary judgment, and the district court granted summary judgment in favor of Valley Bank.

We reverse.

In 1984 and 1985, Westates Construction Company was the general contractor for the construction of Centennial…