In Re Safeguard Self-Storage Trust, Debtor. Wattson Pacific Ventures v. Valley Federal Savings & Loan, Safeguard Self-Storage Trust
Court of Appeals for the Ninth Circuit
1Opinion of the Court
RYMER, Circuit Judge:
Wattson Pacific Ventures (“WPV”) appeals the district court’s order affirming a decision of the bankruptcy court that the revenues which Safeguard Self-Storage Trust receives from leasing storage space do not constitute cash collateral under 11 U.S.C. § 363(a). WPV argues that the contrary result is compelled under California law because the storage agreements are leases rather than licenses. We have jurisdiction pursuant to 28 U.S.C. § 168(d) and § 1291, and we reverse.
I
In February 1988, Ned Evans purchased a self-storage warehouse in Arcadia, California (the “Safeguard…
2Cases cited16 opinions
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