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Adobe PDFGarnishee Bank's "Defenses" Trumped?
W. Patrick Ayers, Madison L. Mitchell; Burr & Forman LLP;
Legal Alert/Article
February 29, 2016, previously published on February 2016
Cases decided recently in Florida and Illinois call into question one legal rule that some might have thought well-settled: a first-perfected security interest in collateral beats a later-perfected lien creditor's interest in that same collateral. Seems simple enough. Except this rule might not be...