Missouri Court of Appeals, Western District / Jan 26, 2021
In the Estate of Jose Luis Lindner, Deceased; Dale Doerhoff, Successor Personal Representative vs. Matthew Concannon
Matthew Concannon appealed the denial of his objection to the final settlement of Jose Luis Lindner's estate. Concannon claimed a priority distribution of $565,000 from the estate, asserting Lindner created a security interest in the proceeds of a promissory note. The trial court denied his objection, finding no valid security interest. The appellate court affirmed, concluding that the Lindner Instrument purported to assign the promissory note itself, which was non-assignable without consent, and did not create a separate security interest in the note's proceeds.