Legal Opinion
Utility Contractors Financial Services, Inc. v. Amsouth Bank N.A. (In re Joe Morgan, Inc.)
Court of Appeals for the Eleventh Circuit
Decided March 22, 1993No. 92-6301PublishedCited by 1 opinion
1Opinion of the Court
CARNES, Circuit Judge:
Appellant Sunburst Bank (“Sunburst”) appeals the district court’s affirmance of an order of the bankruptcy court holding that: (i) Appellee Utility Contractors Financial Services (“UCON”) was a holder in due course with respect to any checks received from account debtors of Joe Morgan, Inc. (“JMI”) prior to July 17, 1989 and, therefore, had priority over Sunburst’s prior perfected security interest in JMI’s accounts receivable; and (ii) Sunburst was estopped from asserting its security interest in the proceeds of JMI’s accounts receivable for the period beginning on July…
2Cases cited15 opinions
- Rita Patricia Keefe v. Bahama Cruise Line, Inc., a Foreign CorporationCourt of Appeals for the Eleventh Circuit · 1989
- United States v. Second National Bank of North MiamiCourt of Appeals for the Second Circuit · 1974
- United States v. Lehder-RivasCourt of Appeals for the Eleventh Circuit · 1992
- Ex Parte BakerSupreme Court of Alabama · 1983
- Farmers & Merchants State Bank, an Idaho Banking Corporation v. Western Bank, an Oregon Banking CorporationCourt of Appeals for the Ninth Circuit · 1988
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3Cited by1 opinion
- In Re Joe Morgan, Inc.Court of Appeals for the Eleventh Circuit · 1993