Legal Opinion

Coral Petroleum, Inc. v. Paribas (In Re Coral Petroleum, Inc.)

United States Bankruptcy Court, S.D. Texas

Decided June 17, 1985No. 19-30698PublishedCited by 25 opinions

1Opinion of the Court

MEMORANDUM OPINION AND ORDER

MANUEL D. LEAL, Bankruptcy Judge.

This matter, before the Court on plaintiff Coral Petroleum’s complaint for a declaratory judgment raises several complex issues. The major issues are whether a 30 million dollar promissory note is to be clas sified as an instrument or a general intangible under the Uniform Commercial Code and whether the defendants Banque Pari-bas and MBank, N.A. properly perfected their security interests in the promissory note so as to prevent the debtor from avoiding their respective interests under 11 U.S.C. § 544. Because the Court concludes…

2Cases cited25 opinions

  1. QUALITY HOLSTEIN LEASING v. McKENZIECourt of Appeals for the Fifth Circuit · 1985
  2. In the Matter of Bollinger Corporation, Bankrupt. Appeal of Carl L. Bigler, Trustee for Bollinger CorporationCourt of Appeals for the Third Circuit · 1980
  3. Knapp, Stout & Co. v. McCaffreySupreme Court of the United States · 1900
  4. In the Matter of Numeric Corp., Bankrupt. Appeal of Russell E. BlankCourt of Appeals for the First Circuit · 1973
  5. Allstate Insurance Company, an Illinois Corporation v. The Employers Liability Assurance Corp., Ltd., and United States Fidelity and Guaranty Co.Court of Appeals for the Fifth Circuit · 1971

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3Cited by25 opinions

  1. Larsen v. First BankNebraska Supreme Court · 1994
  2. Bankr. L. Rep. P 71,864, 4 Ucc rep.serv.2d 5 in Re Paul v. Rolain, Debtor. Norwest Bank St. Paul, N.A. v. Edward W. Bergquist, Trustee of the Estate of Paul v. RolainCourt of Appeals for the Eighth Circuit · 1987
  3. Continental Can Co. v. Owensboro Canning Co. (In Re Owensboro Canning Co.)District Court, W.D. Kentucky · 1988
  4. Federal Deposit Insurance v. Kipperman (In Re Commercial Money Center, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2008
  5. Kroh Operating Ltd. Partnership v. Barnett Bank of Southwest Florida (In Re Kroh Bros. Development Co.)United States Bankruptcy Court, W.D. Missouri · 1989

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