In the Matter of Tuscaloosa Veneer Co., Inc. In the Matter of Howell Industries, Inc. Pettibone Mulliken Corporation v. William B. Compton, Receiver

CLARK, Circuit Judge:

Pettibone Mulliken Corporation, the seller of a machine, appeals from a district court order upholding the denial by the Referee in Bankruptcy of its petition to reclaim the machine from the trustee of a bankrupt buyer. This appeal turns on whether the lien created by a conditional sale contract between the claimant and the buyer was executed out of the State of Mississippi. We determine that it was, and we affirm.

The pertinent facts are undisputed. The president of the now bankrupt buyer, a Florida corporation, signed a conditional sale contract covering the subject…