Court Opinion

ID: 9570238
Source: CourtListenerOpinion
Date Created: 2023-08-21 20:21:24.849868+00
Date Added: 2024-06-11T12:05:11.625279
License: Public Domain

KLEINSCHMIDT, Judge,
dissenting:
I respectfully dissent. As the majority observes, the commentators who have considered this problem, including the Permanent Editorial Board for the Uniform Commercial Code, have all reached the conclusion that a creditor in the position of the IRS is not a “purchaser” within the meaning of A.R.S. § 47-9103(A)(4)(a). As these commentators understand the law, the IRS could not prevail over the Bank under the facts of this case. The Court of Appeals of Idaho, in Rockwell International Credit Corp. v. Valley Bank, 109 Idaho 406, 707 P.2d 517 (1985), arrived at a different conclusion by a close analysis of the language of a statute that can be read several ways. I see no reason to believe that when our legislature adopted the Uniform Commercial Code it preferred the construction so lately adopted by the Idaho court.