Bank of Holden v. Bank of Warrensburg

HAROLD L. LOWENSTEIN, Judge.

This appeal involves two separate security interests, one held by the Bank of Holden and the other by the Bank of Warrensburg, in the same cattle. At issue is the timeliness of the Bank of Warrens-burg’s filing to perfect its security interest in the cattle. The question boils down to whether or not § 1.040, RSMo.19941, Missouri’s time computation statute, applies to the Uniform Commercial Code as adopted in this state.

I. FACTS

The facts in this case are uncontested. Charles and Kathy Wall (the “Borrowers”) secured a loan from the Bank of Warrens-burg…