Preview:

IN THE COURT OF APPEALS OF TENNESSEE
AT NASHVILLE
May 3, 2011 Session

REGIONS BANK
V.
BRIC CONSTRUCTORS, LLC, F/K/A
BRIC CONTRACTORS, LLC, AND PATRICIA MCINTOSH

A n A ppeal from the Chancery Court for W illiamson County
N o. 35614 R obbie T. Beal, Chancellor

N o. M 2010-01898-CO A-R3-C V -Filed Decem ber 13, 2011
This is an action to collect a debt and to recover collateral. The defendant LLC obtained a line of credit from the plaintiff bank. The LLC borrow ed against the line of credit to purchase certain property, and the property was pledged as collateral. Several months later, the line of credit w as converted into a fixed amount loan over a longer term, and a new security agreement w as executed pledging the same collateral. On the same day, the LLC obtained another line of credit secured by the LLC

Download regionsbank_opn_new.pdf

Tennessee Law