First National Bank in Munday v. Lubbock Feeders, L.P.

Opinion filed January 12, 2006

Opinion filed January 12, 2006

In The

Eleventh Court of Appeals

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No. 11-04-00190-CV

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FIRST NATIONAL BANK IN MUNDAY, Appellant

V

LUBBOCK FEEDERS, L.P., Appellee

On Appeal from the 39th District Court

Haskell County, Texas

Trial Court Cause No. 11,209

O P I N I O N

In this appeal, First National Bank in Munday and Lubbock Feeders, L.P., claim competing security interests in the same cattle. The trial court granted summary judgment to Lubbock Feeders, holding that it had a purchase money security interest in the cattle and the proceeds from the sales of the…