Reconstruction Finance Corp. v. Home Investment Co.

Minor W. Millwee, Justice.

Appellee, Home Investment Company, intervened in a suit brought by appellant, Reconstruction Finance Corporation, hereinafter called “RFC”, to foreclose a chattel mortgage against Forrest City Frozen Foods, Inc., hereinafter called, “Frozen Foods”. Appellee’s claim, that the lien of RFC’s-mortgage was subject to a prior claim or lien of appellee against the mortgaged property under a certain lease contract, was sustained by the chancellor. This appeal follows.

In October, 1946, appellee leased to Thos. W. Notestine the ground floor of a building* in Forrest City in…