Girard Trust Co. v. Strickler

WINTER, Circuit Judge:

Girard Trust Bank (Girard) appeals from an order of the district court, 327 F.Supp. 425, denying its claim to the proceeds of a contract between Varney Wood Products, Inc. (Varney) and the West Virginia Economic Opportunity Agency (EOA). The sole issue on appeal is whether a financing statement, filed by Girard and describing the collateral as “accounts receivable,” was sufficient to perfect a security interest in the proceeds of the EOA contract. The question comes before us on Girard’s motion for summary reversal of the order of the district court deciding that it had…