Shantilal Bros. v. KMST Wholesale, Inc.

On Motion for Reconsideration:

Intervenor Nelson & Robertson Pty., Ltd. moves for reconsideration of our holding that plaintiff Shantilal Brothers, Ltd., is entitled to the proceeds of a judicial sale of certain property belonging to the defendant. This holding was based on our finding that intervenor’s chattel mortgage did not contain "a description of the specific article [or] *104articles . . . mortgaged" within the meaning of A.S.C.A. § 27.1510(c). Plaintiff, a judgment creditor without actual notice of the chattel mortgage, was therefore entitled to execute its judgment by seizing and selling…