Dolphin Knitting Mills, Inc. v. Associates Commercial Corp. (In re Dolphin Knitting Mills, Inc.)

ORDER ON VALIDITY AND PRIORITY OF CLAIM OF ASSOCIATES COMMERCIAL CORPORATION

JOSEPH A. GASSEN, Bankruptcy Judge.

At a pretrial conference held in these consolidated cases, it was agreed that the issue of the validity of Associates Commercial Corporation’s security interest in property of the debtor Dolphin Knitting was a pure question of law. The parties submitted memoranda of law and filed a written stipulation of facts (C.P. No. 45). The issue to be decided is whether Associates’ security agreement is unperfected because of Associates’ failure to pay the Florida documentary stamp tax prior to…