Creditors Exchange Service, Inc. v. United States

MEMORANDUM

INGRAHAM, District Judge.

I

This is an action in interpleader instituted by the plaintiff, Creditors Exchange Service, Inc., in the District Court of Harris County, Texas, and removed to this court by the United States of America under the provisions of 28 U.S.C. § 1442(a) (1). The principal question involved is that of determining the relative priorities between a federal tax lien and a perfected security interest under assignments of accounts receivable and trust receipt financing.

The facts show that on March 18,1965, Art Grindle OST Chrysler-Plymouth, Inc. (hereinafter called…