Crossroads Bank of Georgia v. Corim, Inc.

Benham, Justice.

This case is before us pursuant to the grant of a writ of certiorari to the Court of Appeals. See Corim, Inc. v. Belvin, 202 Ga. App. 396 (414 SE2d 491) (1991). The Court of Appeals determined that the preference for purchase money security interests reflected in the Uniform Commercial Code (OCGA § 11-9-201 et seq.) was not applicable in this case and held that Corim’s 1986 properly recorded judgment lien against the debtor had priority over Crossroads’ 1989 perfected purchase money security interest. We disagree and reverse.

1. OCGA § 11-9-310 (d) 1 establishes that a duly…