Legal Opinion
Troxel Equipment Co. v. Limberlost Bancshares
Indiana Court of Appeals
Decided August 12, 2005No. 01A02-0503-CV-239PublishedCited by 38 opinions
1Opinion of the Court
OPINION
BAKER, Judge.
Today we are faced with the question of whether the Uniform Commercial Code requires the proceeds of the sale of secured property to be deposited in a checking account before the "ordinary course of business" exception applies. We hold that it does not. Appellant-plaintiff Troxel Equipment Co. (Troxel) 1 appeals the trial court's grant of summary judgment in favor of appellee-defendant Limberlost Bancshares f/k/a Bank of Geneva (Bank). Specifically, Troxel raises two issues, which we restate as whether Comment 2(c) of Indiana Code section 26-1-9-306 requires the Bank to…
2Cases cited8 opinions
- Owens Corning Fiberglass Corp. v. CobbIndiana Supreme Court · 2001
- Dunaway v. Allstate Insurance Co.Indiana Court of Appeals · 2004
- Phelps v. . McQuadeNew York Court of Appeals · 1917
- Hendricks County Bank & Trust Co. v. Guthrie Building Materials, Inc.Indiana Court of Appeals · 1996
- Provident Bank v. Tri-County Southside Asphalt, Inc.Indiana Court of Appeals · 2004
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3Cited by38 opinions
- FLM, LLC, and Daimler Chrysler Corp., n/k/a Chrysler LLC v. The Cincinnati Insurance CompanyIndiana Court of Appeals · 2012
- Cox v. Northern Indiana Public Service Co.Indiana Court of Appeals · 2006
- Lori A. Henderson v. Reid Hospital and Healthcare ServicesIndiana Court of Appeals · 2014
- Walker v. MartinIndiana Court of Appeals · 2008
- Stowers v. Clinton Central School Corp.Indiana Court of Appeals · 2006
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