Joseph F. Lynch, Trustee in Bankruptcy of the Estate of Joseph F. Tilley and Nancy M. Tilley v. The County Trust Company

MEDINA, Circuit Judge:

This case raises an interesting question of law that arises from occurrences in the transition period prior and subsequent to September 27, 1964 when the New York Uniform Commercial Code took effect and the provisions of the New York Personal Property Law applicable to the filing of security interests were repealed.

On June 11, 1964 Joseph F. Tilley and his wife, Nancy, the bankrupts, purchased from Hawk Sales Co., Inc., a Marlette House Trailer. The installment conditional sale contract was promptly financed by and assigned to the County Trust Company of White Plains,…