In the Matter of California Pump & Manufacturing Co., Inc., Bankrupt. Jim L. Selby, 3-74-425 v. John M. England, Trustee

CHOY, Circuit Judge:

Jim Selby (the creditor) appeals the district court’s affirmance of a judgment of the bankruptcy court which held that an alleged security interest in certain tangible personal property of California Pump and Manufacturing Company (the bankrupt) is void as against the trustee in bankruptcy. We affirm.

Facts and Proceedings Below

The parties have stipulated to the following facts: Prior to bankruptcy, the creditor loaned $50,000 to the bankrupt. To secure repayment, the parties entered into a security agreement and filed a financing statement. The security agreement describes…