Farm Credit Services of the Midlands, PCA v. First State Bank of Newcastle, Wyoming

[¶ l.jTrial court granted summary judgment to defendant bank, ruling that its un-perfeeted purchase money security interest took priority over plaintiff creditor’s unper-feeted security interest. We affirm.

FACTS

[¶ 2.]During the 1990’s, Chance and Neteri Reynolds (hereinafter “Debtor”) obtained various loans from Farm Credit Services of the Midlands (Farm Credit) and First State Bank of Newcastle, Wyoming (Bank). On March 21, 1995, Debtor executed a security agreement in favor of Bank. The agreement specifically describes two 1995 Dodge pickup trucks by their vehicle identification numbers. In…