In re Pickle Logging, Inc. (02-10824)

The court was asked to reconsider an order dated September 3, 2002 in which the court ruled that Deere Credit, Inc. did not have a security interest in a 548G skidder that had been mislabeled on both the security agreement and the financing statement. Upon reconsideration, the court held that it was correct in the September 3, 2002 order and did not change its ruling. While the serial number and model number were both off by just one digit, the combination of both incorrect numbers did not raise a red flag to a third party. Therefore, the description of the collateral did not meet the requirements of O.C.G.A. ยง 11-9-108(a).

Monday, November 18, 2002