King's Appliance & Electronics, Inc. v. Citizens & Southern Bank

Carley, Judge.

The instant appeal involves priority between conflicting security interests in the same collateral and interpretation of Code Ann. § 109A-9—312. The relevant facts are as follows: On August 3, 1978, The Citizens and Southern Bank (C&S) filed a financing statement listing itself as the secured party and Randall. B. Helton, d/b/a United TV (Helton) as the debtor. Thé financing statement covered the following types of property: “All equipment of the Debtor of every description used or useful in the conduct of the Debtor’s business, now or hereafter existing or acquired, and all…