Legal Opinion
Paul Donald v. Madison Industries, Inc., a Corporation, and the United States of America
Court of Appeals for the Tenth Circuit
Decided August 28, 1973No. 72-1879PublishedCited by 29 opinions
1Opinion of the Court
LARAMORE, Senior Judge.
The question presented by this appeal involves the relative priority of a Federal tax lien and a private security interest to the proceeds from the sale of certain property of a taxpayer-debtor, Madison Industries. Resolution of this question devolves to an interpretation and application of section 6323(c) of the Internal Revenue Code of 1954, as amended.
To the extent relevant herein, the facts disclose that in 1966, Madison Industries (taxpayer) borrowed $40,000 from First National Bank of Madison, Kansas (First National). As collateral for the loan, taxpayer executed…
2Cases cited8 opinions
- Hormel v. HelveringSupreme Court of the United States · 1941
- United States v. Security Trust & Savings BankSupreme Court of the United States · 1950
- United States v. Gilbert Associates, Inc.Supreme Court of the United States · 1953
- Illinois Ex Rel. Gordon v. CampbellSupreme Court of the United States · 1946
- United States v. VermontSupreme Court of the United States · 1964
3 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Pontchartrain State Bank, a Louisiana State Bank v. Ed Poulson, Individually and Poulson Dozer & Blade, Inc., an Oklahoma CorporationCourt of Appeals for the Tenth Circuit · 1982
- In Re May Reporting Services, Inc.United States Bankruptcy Court, D. South Dakota · 1990
- Orix Credit Alliance, Inc. v. Omnibank, N.A.Court of Appeals of Texas · 1993
- United States v. Bell Credit Union, United States of America v. Golden Plains Credit UnionCourt of Appeals for the Tenth Circuit · 1988
- Chicano Police Officer's Ass'n v. StoverCourt of Appeals for the Tenth Circuit · 1977
24 more not listed; retrieve them via the Exa API.