Trust Co. of Columbus v. Milam (In Re Milam)

FINDINGS OF FACT

ALGIE M. MOSELEY, Jr., Bankruptcy Judge.

The parties have submitted this for decision on stipulated facts, which are attached hereto and made a part hereof. The Court is to determine whether or not the Trust Company of Columbus is a secured creditor. The Trust Company of Columbus, hereinafter “plaintiff,” has a security interest in 401.52 shares of Fuqua Industries by reason of a security agreement between the debtor and the plaintiff. The question centers around whether or not plaintiff perfected its security interest. Herein, the Court finds that the security interest was not…