Northwestern National Bank Southwest v. Lectro Systems, Inc.

PETERSON, Justice.

Plaintiff, Northwestern National Bank Southwest (bank), instituted this declaratory judgment action for a determination that its security interest in certain property of defendant, Agate Alarm and United States Security, Inc. (Agate), had priority over the claims of defendants Lectro Systems, Inc. (Lectro), Charles Cox, William Kalkbrenner, and the United States. 1 The trial court granted a partial summary judgment in favor of plaintiff. Defendant Cox appeals. We affirm.

The collateral at issue consists of proceeds from a contract between St. Paul Public Schools, Independent…