Pankratz Implement Co. v. Citizens National Bank

The opinion of the court was delivered by

Davis, j.:

Pankratz Implement Co. (Pankratz) attempted to perfect its security interest in equipment sold to Rodger House. In filing with the Secretary of State, Pankratz spelled the debtors name as Roger House. Citizens National Bank (CNB) later attempted to secure the same property using the debtor’s correct name, Rodger House. Rodger House filed for bankruptcy; Pankratz obtained relief from the bankruptcy stay order and filed suit against CNB in order to realize its security interest. The district court determined in accordance with recently enacted…