Okefenokee Aircraft, Inc. v. PrimeSouth Bank

After Okefenokee Aircraft (OAI) (defendant) and its guarantor defaulted on a loan secured by an airplane, PrimeSouth Bank (plaintiff) repossessed the plane but did not sell it, instead suing directly for a money judgment on the amount owed under the note. OAI did not dispute the default but argued the bank could not seek a money judgment before selling the repossessed collateral; the trial court granted the bank summary judgment, and OAI appealed.