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In re Central La. Grain Coop. Inc.

In re Central La. Grain Coop. Inc.

Ruling
Safe harbor did not apply to statutory privilege not arising until bankruptcy or insolvency.
Issue(s)
Was statutory lien arising upon bankruptcy or insolvency protected from avoidance by the safe harbor provision of the Bankruptcy Code?

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Commercial opinion summary, case decided on August 07, 2013 , LexisNexis #0913-090