Consolidated Film Industries v. United States

WILLIAM E. DOYLE, Circuit Judge.

The question in this case is whether the district court erred in granting relief to appellee enjoining the United States Internal Revenue Service from enforcing a levy. A more ultimate and specific issue is whether a financing statement is required under the pertinent Uniform Commercial Code provision, Utah Statutes, Section 70A-9-302(l)(e), Utah Code (1968), which section relates to requiring the filing of a financing statement in order to perfect security interests. This in turn is dependent upon construction of the exemption provision contained in the above…