Anderson, Clayton & Co. v. First American Bank of Erick
Supreme Court of Oklahoma
1Opinion of the Court
OP ALA, Justice:
The issues on this appeal are: [1] Does a security interest attach to any part of the debtor’s general bank account in which proceeds from sale of collateral have been deposited and commingled with other funds? [2] If so, did the security interest remain impressed upon those funds, under the circumstances of this case, after the debtor has transferred them by check to the depositary bank in payment of an obligation? and [3] Was the bank’s subordination agreement to another creditor’s security interest la-tently ambiguous so as to allow parol testimony to ascertain the intent…
2Cases cited7 opinions
- Citizens National Bank v. Mid-States Development Co.Indiana Court of Appeals · 1978
- Universal CIT Credit Corp. v. Farmers Bank of PortagevilleDistrict Court, E.D. Missouri · 1973
- Brown & Williamson Tobacco Corp. v. First National Bank of Blue Island, a National Banking AssociationCourt of Appeals for the First Circuit · 1974
- ASSOC. DIS. CORP. v. Fidelity Un. Trust Co.New Jersey Superior Court Appellate Division · 1970
- Michigan National Bank v. Flowers Mobile Homes Sales, Inc.Court of Appeals of North Carolina · 1975
2 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Harley-Davidson Motor Co., Inc., and Itt Commercial Finance Corp. v. Bank of New England--Old Colony, N.A.Court of Appeals for the First Circuit · 1990
- Mercury Investment Co. v. F.W. Woolworth Co.Supreme Court of Oklahoma · 1985
- Honey v. United StatesCourt of Appeals for the Eighth Circuit · 1992
- North Texas Production Credit Ass'n v. McCurtain County National BankCourt of Appeals for the Tenth Circuit · 2000
- Ex Parte Alabama Mobile Homes, Inc.Supreme Court of Alabama · 1985
19 more not listed; retrieve them via the Exa API.