Merchants & Planters Bank & Trust Co. of Arkadelphia v. Phoenix Housing Systems, Inc.

Melvin Mayfield, Judge.

Appellant, Merchants and Planters Bank, brings this appeal from the action of the Hemp-stead County Circuit Court holding that the Bank of Yellville had a security interest, superior to the security interest of appellant, in a modular building still under construction.

Phoenix Housing Systems was an Arkansas corporation which manufactured modular buildings. They were similar to mobile homes except they had no chassis or wheels. The completed buildings were transported by truck and trailer to sites where they were set on a permanent foundation and became a part of the…