Legal Opinion
Louisiana State School Lunch Employees Retirement System v. Legel, Braswell Government Securities Corporation and Irving Trust Company
Court of Appeals for the Eleventh Circuit
Decided March 3, 1983No. 82-5299PublishedCited by 14 opinions
1Opinion of the Court
RONEY, Circuit Judge:
In this case, Louisiana State School Lunch Employees Retirement System (Louisiana) sued Irving Trust Company for conversion of bonds worth $291,000. The central question is whether the bonds had been “delivered” to Louisiana so that the subsequent sale by Irving Trust for its own security interest amounted to a conversion of Louisiana’s bonds. Concluding that delivery had occurred within the meaning of § 8-313(l)(c) of the New York version of the Uniform Commercial Code, the statute both parties agree is controlling, we reverse the grant of summary judgment for Irving…
2Cases cited3 opinions
- Le Marchant v. . MooreNew York Court of Appeals · 1896
- Matthysse v. Securities Processing Services, Inc.District Court, S.D. New York · 1977
- In re Paragon Securities Co.Court of Appeals for the Third Circuit · 1979
3Cited by14 opinions
- In Re Lion Capital GroupUnited States Bankruptcy Court, S.D. New York · 1985
- Matter of Bevill, Bresler & Schulman AssetDistrict Court, D. New Jersey · 1986
- Mellon Bank (East), N.A. v. Glick (In Re Integrated Testing Products Corp.)District Court, D. New Jersey · 1987
- Lucas v. LucasCourt of Appeals for the Eighth Circuit · 1991
- Hennessy v. Kennedy (In Re Sun Island Foods)United States Bankruptcy Court, D. Hawaii · 1991
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