- 11 U.S.C.
Farmer v. Citizens Natl Bank of Athens (In re Davis)
Mar
30
2015
Ruling
Holder of deed of trust had priority over trustee in settlement proceeds for damage to real property.
Issue(s)
Whether settlement proceeds for damage to real property that is subject to a deed of trust are general intangibles required to be perfected under the Uniform Commercial Code or substitute collateral for damage to the value of the real property subject to the lien and having priority over the trustee?
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Court
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