Production Credit Ass'n v. Lane (In Re Cattle Complex Corp.)

MEMORANDUM OPINION

MARK B. McFEELEY, Bankruptcy Judge.

This matter is before the Court on Production Credit Association (PCA) of Southern New Mexico’s suit for Declaratory Judgment to Determine the Extent of and Validity of Liens and Interests and for Clarification of the Cash Collateral Order and Reclamation of Excess Proceeds. This memorandum opinion addresses the suit for declaratory judgment.

The issues before this Court are whether the plaintiff’s security interest follows transfer of the collateral to a transferee and if so, whether the secured party must file a new financing statement to…