Legal Opinion
Aztex Energy Co. v. Tennessee (In Re Sexton)
United States Bankruptcy Court, E.D. Tennessee
Decided December 17, 1981No. Bankruptcy No. 3-79-00834, Adv. No. 3-81-0704PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM
CLIVE W. BARE, Bankruptcy Judge.
At issue in this adversary proceeding is whether funds paid pursuant to an insurance policy are proceeds within the meaning of T.C.A. § 47-9-306(l). 1 Also, at issue is whether the funds payable under the insurance policy constitute contract rights in which the secured creditor has a perfected security interest.
I
On July 10, 1979, Aztex Energy Company (Aztex) executed a security agreement with Joe and Novena Sexton and with Silver Spur Truck Plaza, Incorporated (Silver Spur). Each of the security agreements grant Aztex a security interest in certain…
2Cases cited9 opinions
- Ppg Industries, Inc. v. The Hartford Fire Insurance Company, and United States of AmericaCourt of Appeals for the Second Circuit · 1976
- Eugene Cole and Mary Cole, His Wife v. Thomas A. Cardoza, District Director, United States, Internal Revenue ServiceCourt of Appeals for the Sixth Circuit · 1971
- Jonathan Paskow, as Trustee v. Calvert Fire Insurance Company, United States of AmericaCourt of Appeals for the Fifth Circuit · 1978
- John Weis, Inc. v. ReedCourt of Appeals of Tennessee · 1938
- Ralph Rogers & Company, Inc. v. Reconstruction Finance Corporation, Reconstruction Finance Corporation v. Cumberland Portland Cement CompanyCourt of Appeals for the Sixth Circuit · 1956
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3Cited by3 opinions
- In Re RitcheyUnited States Bankruptcy Court, N.D. Ohio · 1988
- McGraw v. Betz (In re Bell & Beckwith)United States Bankruptcy Court, N.D. Ohio · 1990
- United States v. Wilson (In re Wilson)United States Bankruptcy Court, D. North Dakota · 2001