Bank One Texas N.A. v. Arcadia Financial Ltd.

ROBERT M. PARKER, Circuit Judge:

Defendant, Arcadia Financial (“Arcadia”), appeals the district court’s denial of its motion for summary judgment. Arcadia also appeals the district court’s grant of summary judgment in favor of plaintiff, Bank One Texas (“Bank One”). Because we find that Bank One had a perfected security interest at all times pertinent in this case, we affirm.

FACTUAL HISTORY AND PROCEEDINGS BELOW

Bank One, a Texas corporation, sued Arcadia, a Minnesota corporation, seeking a declaratory judgment that it has a security interest with respect to certain inventory owned by Lone Star…