Affiliated Bank v. Evans Tool & Manufacturing Co.

Defendant, Evans Tool & Manufacturing Company, Inc. (Evans), appeals the order of the circuit court of Kane County granting summary judgment in favor of plaintiff, Affiliated Bank (Affiliated), on its complaint for declaratory judgment. The court held that Affiliated’s perfected security interest in certain plastic molds took priority over Evans’ lien under the Tool and Die Lien Act (Ill. Rev. Stat. 1989, ch. 82, par. 351 et seq.). On appeal, Evans contends that the court erred in determining that Affiliated’s security interest was superior to Evans’ statutory lien. We affirm.

In 1986, Argee…