Legal Opinion
Karnes v. Salem National Bank (In Re Fullop)
United States Bankruptcy Court, S.D. Illinois
Decided September 14, 1990No. 19-30207PublishedCited by 7 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
KENNETH J. MEYERS, Bankruptcy Judge.
The Court is called upon in this case to determine the effect of the Uniform Commercial Code on a creditor’s security interest in oil and gas properties. Specifically, the Court must decide whether assignments of the debtor’s working interests in oil and gas leases given as security for loans to the debtor were required to be perfected as security interests under the Uniform Commercial Code and, if so, whether recording of the assignments in the real estate records of the county where the wells were located gave the creditor a perfected…
2Cases cited11 opinions
- Ohio Oil Co. v. DaugheteeIllinois Supreme Court · 1909
- Miller v. RidgleyIllinois Supreme Court · 1954
- Ingram v. IngramSupreme Court of Kansas · 1974
- MBank Abilene, N.A. v. Westwood Energy, Inc., Texas Court of Appeals, 11th District (Eastland)1986
- Central Standard Life Insurance v. GardnerIllinois Supreme Court · 1959
6 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Prior v. Farm Bureau Oil Co. (In Re Prior)United States Bankruptcy Court, S.D. Illinois · 1995
- OCTAGON GAS SYSTEMS, INC., Appellant, v. Roy T. RIMMER, Appellee, in Re MERIDIAN RESERVE, INC., DebtorCourt of Appeals for the Tenth Circuit · 1993
- Bankr. L. Rep. P 75,440, 21 Ucc rep.serv.2d 757 in the Matter of Henry Robert Fullop, Debtor. Charles E. Jones, Successor Trustee to Gibson D. Karnes, Trustee, Appellant-Cross-Appellee v. Salem National Bank, Appellee-Cross-AppellantCourt of Appeals for the Seventh Circuit · 1993
- Karnes v. Salem National Bank (In Re Fullop)District Court, S.D. Illinois · 1991
- Jones v. Salem National Bank (In re Fullop)Court of Appeals for the Seventh Circuit · 1993
2 more not listed; retrieve them via the Exa API.