Plains Cotton Cooperative Ass'n v. Julien Co. (In Re Julien Co.)

MEMORANDUM OPINION AND ORDER ON CROSS MOTIONS FOR PARTIAL SUMMARY JUDGMENT

WILLIAM H. BROWN, Bankruptcy Judge.

This core proceeding 1 is before the Court on cross motions for summary judgment filed by the above named parties to these adversary proceedings. Essentially at issue is whether the plaintiff, Plains Cotton Cooperative Association (“PCCA”), holds a general lien on the proceeds of cotton that was in its possession at the time The Julien Company’s (“debtor”) bankruptcy petition was filed and whether PCCA additionally holds liens on deferred sales options (“DSO”) and warehouse receipts…