- 11 U.S.C.
Arkansas Dev. Fin. Auth. v. Rice (In re Yarnells Ice Cream Co.)
Feb
05
2013
Ruling
Trustee with constructive notice of deed could not avoid mortgage.
Procedural posture
The Arkansas Development Finance Authority (ADFA), an agency of the State of Arkansas, filed this adversary proceeding against the chapter 7 trustee, seeking turnover of property pursuant to 11 U.S.C.S. § 542. The Trustee filed an answer to the complaint and also filed a counterclaim against ADFA. Before the court was the ADFA's motion for summary judgment. Also before the court was the Trustee's motion for summary judgment.
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Court
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