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NORTHWESTERN NAT. BANK v. LECTRO SYSTEMS, INC.

No. 46811.

262 N.W.2d 678 (1977)

NORTHWESTERN NATIONAL BANK SOUTHWEST, Respondent, v. LECTRO SYSTEMS, INC., et al., Defendants, Charles Cox, Appellant.

Supreme Court of Minnesota.

Rehearing Denied September 15, 1977.

Attorney(s) appearing for the Case

Gray & Gray and Milton Gray, St. Paul, for appellant.

Larkin, Hoffman, Daly & Lindgren and Robert J. Hennessey, Minneapolis, for respondent.

Heard before PETERSON, TODD, and YETKA, JJ., and considered and decided by the court en banc.

PETERSON, Justice.

Plaintiff, Northwestern National Bank Southwest (bank), instituted this declaratory judgment action for a determination that its security interest in certain property of defendant, Agate Alarm and United States Security, Inc. (Agate), had priority over the claims of defendants Lectro Systems, Inc. (Lectro), Charles Cox, William Kalkbrenner, and the United States.1 The trial...

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