Corbin Deposit Bank v. King

DAVIS, Commissioner.

The question presented on this appeal is One of priorities as between a properly filed security agreement and a subsequent lien arising under KRS 376.270. The appellant, holder of the security instrument, appeals from the judgment placing priority in the statutory repairman’s lien.

The parties stipulated the facts, which are thus summarized: Floyd Foreman, owner of a motor vehicle, executed and delivered a valid security agreement to appellant bank; on August 7, 1961, the security interest was perfected by proper filing of the agreement as a financing statement in the…