Shinville Leasing, Inc. v. Miller Equipment Co. (In Re Shinville Leasing, Inc.)

OPINION

MOTION FOR PARTIAL SUMMARY JUDGEMENT — M.S.A. § 19.9203(l)(a) [M.C.L.A. § 440.9203(l)(a)]

INSUFFICIENCY OF FINANCING STATEMENT AS SECURITY AGREEMENT

LAURENCE E. HOWARD, Bankruptcy Judge.

In their complaint to determine the validity of liens, plaintiffs, Shinville Associates, Inc., and Shinville Leasing, Inc., Chapter 11 debtors in possession, contest the secured status that the defendant, Miller Equipment Co., has claimed. Each side has brought a motion for partial summary judgment, both of which raise the question of whether the financing statements executed and filed by the parties…