Legal Opinion
South County Sand & Gravel Co. v. Bituminous Pavers Co.
Supreme Court of Rhode Island
Decided August 12, 1969No. 642-AppealPublishedCited by 23 opinions
1Opinion of the CourtKelleher, J.
This is a receivership proceeding and is before us on the appeal of the Rhode Island Hospital Trust Company from a judgment which in effect held that the bank is an unsecured rather than a secured creditor of the respondent.
The facts are not in dispute. On December 5, 1966, the bank executed an agreement which provides a grant of loans to respondent on a revolving basis. The agreement is some four pages in length. It covers all contingencies and without question qualifies as a “security agreement” under the pertinent provisions of G. L. 1956, Title 6A, chap. 9, the Uniform Commercial Code.…
2Cases cited3 opinions
- Evans Products Co. v. JorgensenOregon Supreme Court · 1966
- Plemens v. Diddeglaser, Inc.Court of Appeals of Maryland · 1966
- Atlantic Refining Co. v. Continental Casualty Co.District Court, W.D. Pennsylvania · 1960
3Cited by23 opinions
- Varney Wood Products, Inc. v. StricklerCourt of Appeals for the Fourth Circuit · 1972
- Paulman v. Gateway Venture Partners III, L.P. (In re Filtercorp, Inc.)Court of Appeals for the Ninth Circuit · 1998
- American Employers Insurance Company v. American Security Bank, N.A. American Security Bank, N.A. v. American Employers Insurance CompanyCourt of Appeals for the D.C. Circuit · 1984
- Security National Bank & Trust Co. of Norman v. Dentsply Professional PlanSupreme Court of Oklahoma · 1980
- In Re Filtercorp, Inc.Court of Appeals for the Ninth Circuit · 1998
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