Perfected Security Interest In Tax Refunds Defeats Equitable Lien

LexisNexis (January 30, 2023, 2:53 PM EST) -- The previous story discusses how the presence-or absence-of a clear subordination agreement can affect priority disputes under UCC’s Article 9. A decision by the Eighth Circuit is a good case on point. The case is BancorpSouth Bank v.Hazelwood Logistics Center, LLC, 706 F.3d 888, 2013 U.S. App. LEXIS 3081 (8th Cir. Feb 14, 2013) (BankcorpSouth Bank)....