Legal Opinion
Kentucky Club, Inc. v. Fifth Third Bank
Kentucky Supreme Court
Decided November 20, 1979PublishedCited by 3 opinions
1Opinion of the Court
CLAYTON, Justice.
This case concerns the question of whether the provisions of the Uniform Commercial Code relating to bulk transfers (KRS 355.6-101 et seq.) apply to the sale of the assets of a restaurant-bar business.
The movants, Hernly (the sole shareholder of Kentucky Club, Inc.) and Hernly Brothers Co. (the sole secured creditor of Kentucky Club, Inc.), sold the Club to mov-ant Williams. The respondents, who had previously obtained a judgment against the Kentucky Club, Inc. for payment of an unsecured loan, attempted to collect that judgment from the named movants claiming that because…
2Cases cited3 opinions
- Nichols v. Acers CompanyCourt of Appeals of Texas · 1967
- Silco Automatic Vending Co., Inc. v. HowellsNew Jersey Superior Court Appellate Division · 1968
- Kane-Miller Corp. v. Tip Tree Corp.New York Supreme Court · 1969
3Cited by3 opinions
- ABM Escrow Closing & Consulting, Inc. v. Matanuska Maid, Inc.Alaska Supreme Court · 1983
- In Re InmanUnited States Bankruptcy Court, W.D. Kentucky · 1988
- Bailey v. North Sails Caribbean, Inc.Supreme Court of The Virgin Islands · 1993