Coin MacHine Acceptance Corp. v. O'DOnnell

PARKER, Chief Judge.

This is an appeal in a bankruptcy case 'involving the right to the proceeds of sale of certain coin operated machines covered by trust receipts securing indebtedness due appellant Coin Machine Acceptance Corporation. The manufacturer of the machines was paid for them by appellant under an arrangement by which they were delivered for sale to the bankrupt, a local dealer in the machines in the State of Virginia, and appellant was secured for the purchase price so advanced by trust receipts duly executed and recorded pursuant to the Uniform Trust Receipts Act, which has been…