Intertrust Corporation (“Intertrust”) appeals from the judgment of the trial court in favor of Fischer Imaging Corporation (“Fischer”) on the priority of a financing statement. Intertrust contends that Fischer did not properly perfect its purchase money security interest in certain equipment Fischer sold because Fischer filed its UCC-1 statement on March 23, 1989, in Fulton County, and Intertrust contends the financing statement should have been filed in DeKalb County where the purchaser’s principal place of business was located on the date of filing. Held:
1. The first consideration is whether we have jurisdiction in this appeal. Court of Appeals Rule 32 (d);
Atlantic-Canadian Corp. v. Hammer, Siler &c. Assoc.,
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The issue, however, is not whether Intertrust’s counsel had actual knowledge that judgment was entered, but whether there was compliance with OCGA § 15-6-21 (c).
Robinson v. Kemp Motor Sales,
Cambron v. Canal Ins. Co.,
2. Intertrust contends the trial court erred by finding as a matter of fact that at the time Fischer filed its UCC-1 financing statement the purchaser’s primary place of business was in Fulton County rather than DeKalb County and, consequently erred in concluding that Fischer properly perfected its purchase money security interest. See
United States of Amer. v. Waterford No. 2 Office Center,
The record shows that Intertrust had a perfected security interest in the purchaser’s assets, including after-acquired property, and neither party contests the legal sufficiency of the contents of the other’s financing statements. Thus the question centers on whether Fischer properly perfected its purchase money security interest in the property so that its interest had priority over that of Intertrust. Accordingly, the issue is whether Fischer properly filed its financing statement in the county where the purchaser’s primary place of business was located. See OCGA § 11-9-401 (1) (b); In the Matter of Carmichael Enterprises, 334 FSupp. 94 (ND Ga. 1971), aff’d 460 F2d 1405 (5th Cir. 1972).
Intertrust contends the purchaser’s primary place of business was in DeKalb County where Intertrust alleges the purchaser was actually operating its business. Fischer contends, however, it properly filed its financing statement in Fulton County because the purchaser had not started conducting business and the purchaser’s corporate documents on file with the Secretary of State’s office showed its principal office and its registered agent were in Fulton County.
The guiding principles are that findings of fact by the trial court will not be set aside unless they are clearly erroneous (OCGA § 9-11-
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51 (a)) and the trial court’s findings of fact are as binding on the parties as a jury verdict.
Sunn v. Mercury Marine,
After careful review of the record, we must conclude that there is no evidence supporting the trial court’s finding that the purchaser was not actively operating a business on the date of filing. On the contrary, all the evidence, e.g., putting up a sign, installing equipment, hiring and training employees, seeing patients, etc. shows that the purchaser was operating its business in DeKalb County and nowhere else. Further, the evidence shows that Fischer delivered the equipment to the address in DeKalb County and that Fischer’s records showed that address. The testimony from the purchaser’s agent that the purchaser had not yet started to charge patients at the DeKalb County office for their treatment is not controlling; likewise not controlling is the fact that the Secretary of State’s records show the Fulton County address. In the Matter of Carmichael Enterprises, supra at 99. Consequently, the trial court’s findings of fact are clearly erroneous, and the judgment must be reversed.
Judgment reversed.