Court Opinion

ID: 9779096
Source: CourtListenerOpinion
Date Created: 2023-08-29 21:36:04.902276+00
Date Added: 2024-06-11T07:33:21.226916
License: Public Domain

John I. Purtle, Justice, concurring. In order to prevent a misapprehension that we have not properly researched the subject, I point out that the Court is aware of Rhodes v. Oaklawn Bank, 279 Ark. 51, 648 S.W.2d 470 (1983), in which we effectively overruled Norton v. National Bank of Commerce of Pine Bluff, 240 Ark. 143, 398 S.W.2d 538 (1966), and was the basis for the decision in First State Bank of Morrilton v. Hallett, 291 Ark. 37, 722 S.W.2d 555 (1987). Tom Glaze, Justice, dissenting. I dissent for the same reasons I did in First State Bank v. Hallett, 291 Ark. 37, 722 S.W.2d 555 (1987). Here, appellant asks this court to overrule our recent holding in Hallett and to return to Arkansas’s long established Norton rule, which I view as one that was fair both to the debtor and secured creditor. The Hallett decision is a punitive one directed towards secured creditors. In my view, Hallett is a clear mistake by this court, and should be given a short life. Hays, J., joins in this dissent.