Legal Opinion
Carnation Co. v. Kristal (In Re Kristal)
United States Bankruptcy Appellate Panel for the Ninth Circuit
Decided March 23, 1984No. BAP No. NC-82-1413-AsEV, Bankruptcy No. 4-80-01852-WL, Adv. Nos. 4-80-0282-AW, 4-80-0388-AW and 4-80-0269-AWPublishedCited by 3 opinions
1Opinion of the Court
OPINION
ASHLAND, Bankruptcy Judge:
INTRODUCTION
The Carnation Company (Carnation) appeals from a decision of the bankruptcy court declaring Carnation’s contractual security interest in a note secured by real and personal property assets (mixed collateral) void as violative of California Code of Civil Procedure (C.C.P.) § 726.
We affirm.
ISSUES
1. The correctness of the application of C.C.P. § 726 to the post-judgment acts of Carnation.
2. The application of the “sanction” protection to render Carnation’s security interest in all of the collateral void.
3. The validity and enforceability of…
2Cases cited11 opinions
- Roseleaf Corp. v. ChierighinoCalifornia Supreme Court · 1963
- Walker v. Community BankCalifornia Supreme Court · 1974
- Salter v. UlrichCalifornia Supreme Court · 1943
- Hall v. ArnottCalifornia Supreme Court · 1889
- Mascarel v. RaffourCalifornia Supreme Court · 1876
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3Cited by3 opinions
- In Re H.J. Kristal, Dba Olivet Egg Ranch, Debtor. The Carnation Company v. William Lampi, Trustee, and Bancroft, Avery & McAlisterCourt of Appeals for the Ninth Circuit · 1985
- Kearns v. Transamerica Home Loan (In Re Kearns)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2004
- McReynolds v. Rivers (In Re Rivers)United States Bankruptcy Court, C.D. California · 1984