In Re Terminal Moving and Storage Co., Inc. Putnam Realty, Inc. v. Terminal Moving and Storage Co., Inc., and Gene O'daniel, Trustee

LAY, Chief Judge.

The trustee in bankruptcy of Terminal Moving and Storage Co., Inc. appeals the decision of the district court finding Putnam Realty to have a valid security interest in the assets of Terminal Moving and Storage, a bankrupt corporation. We affirm the order of the district court.1

On January 19, 1973, Herbert E. Walker purchased all of the shares of Terminal *549Moving and Storage Co. (Terminal), the bankrupt Arkansas corporation, from Terminal Distribution Centers, Inc. (Terminal Distribution) for $100,000. Walker paid $10,000 in cash and financed the remainder by giving a…