Cessna Finance Corp. v. Morrison

OPINION

EVANS, Chief Justice.

This is an appeal from a summary judgment entered in favor of Lucian L. Morrison, administrator of the estate of Frank Dyke, deceased, against Cessna Finance Corp., a secured creditor of the decedent’s estate.

Cessna’s first five points of error relate to the trial court’s action in classifying its claim as “a preferred debt and lien” payable only from the proceeds of the security, under sec. 306(a)(2) of the Texas Probate Code, rather than as a “matured secured” claim which would be paid in due course of the administration of the estate pursuant to sec. 306(a)(1)…