In Re Pub Dennis International, Inc.

DECISION AND ORDER

ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.

Heard on May 1, 1990, on the Motion of Acorns Ltd. for Relief from the Automatic Stay, and on the objection 1 of seven franchisees 2 . The franchisees’ initial basis for objection is that Acorns does not have a properly perfected security interest in the collateral 3 . On this specific point, we requested memoranda of law addressing Uniform Commercial Code requirements as to the perfection of security interests, on the circumstances present here.

Upon consideration of the arguments and legal authorities submitted, in addition to our…