BancorpSouth Bank v. 51 Concrete LLC

IN THE COURT OF APPEALS OF TENNESSEE AT JACKSON November 13, 2014 Session BANCORPSOUTH BANK v. 51 CONCRETE LLC, ET AL. Appeal from the Chancery Court for Shelby County No. CH0910921 Walter L. Evans, Chancellor No. W2013-01753-COA-R3-CV - Filed January 27, 2015 This is the second appeal of this conversion case. Appellant bank holds a perfected security interest in three pieces of equipment used as collateral for a loan made to its debtor, John Chorley. Appellees acquired this equipment from Mr. Chorley before he defaulted on his loan with Appellant bank. Appellees did not perform a UCC check,…