Legal Opinion
Shedoudy v. Beverly Surgical Supply Co.
California Court of Appeal
Decided January 7, 1980No. Civ. 18643PublishedCited by 14 opinions
1Opinion of the Court
Opinion
WIENER, J.
Marshalling is an equitable doctrine developed historically and traditionally used to prevent a junior lienholder with a security interest in a single property from being squeezed out by a senior lienholder with a security interest not only in that property, but in one or more additional properties. (See generally Victor Gruen Associates, Inc. v. Glass (9th Cir. 1964) 338 F.2d 826, 829-830; Civ. Code, §§ 2899, 3433; 7 Witkin, Summary of Cal. Law (8th ed. 1974) Equity, § 130, p. 5350.) The doctrine requires the senior lienholder to first resort to assets free of the junior…
2Cases cited7 opinions
- Victor Gruen Associates, Inc. v. Morris M. Glass and Hilda Glass, Irving Sulmeyer, Receiver, California Federal Savings and Loan AssociationCourt of Appeals for the Ninth Circuit · 1964
- Kent v. WilliamsCalifornia Supreme Court · 1896
- Harrington v. TaylorCalifornia Supreme Court · 1917
- In Re Bank of OakleyCalifornia Court of Appeal · 1933
- Mack v. ShaferCalifornia Supreme Court · 1901
2 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- In Re Center Wholesale, Inc.Court of Appeals for the Ninth Circuit · 1985
- Peoples Bank of Tuscaloosa v. Computer Room, Inc. (In Re Computer Room, Inc.)United States Bankruptcy Court, N.D. Alabama · 1982
- Duck v. Wells Fargo Bank, National Ass'n (In Re Spectra Prism Industries, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1983
- Bankr. L. Rep. P 71,102 in Re Center Wholesale, Inc. Owens-Corning Fiberglas Corp. v. Center Wholesale, Inc.Court of Appeals for the Ninth Circuit · 1986
- Houghton v. United States (In Re Szwyd)United States Bankruptcy Court, D. Massachusetts · 2008
9 more not listed; retrieve them via the Exa API.