Hyster Co. v. Reeves

NORRIS, Judge.

Hyster Company sued its mortgagor, Joe Reeves III (doing business as Reeves Tractor Co.), for executory process on a chattel mortgage affecting a trailer and compactor. First National Bank of Bienville Parish (“FNB”) intervened, alleging a superior ■mortgage on the trailer. The trial court conducted a hearing, in effect to rank the mortgages as to the trailer. It concluded that FNB’s was superior and declared FNB the owner of the proceeds of any judicial sale to the extent of the mortgage. Hyster appeals. For the reasons expressed, we affirm.

Hyster sold Reeves Tractor (of which…