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Official Comm. of Unsecured Creditors of Motors Liquidation Co. v. JP Morgan Chase Bank N.A. (In re Motors Liquidation Co.)

Official Comm. of Unsecured Creditors of Motors Liquidation Co. v. JP Morgan Chase Bank N.A. (In re Motors Liquidation Co.)

Ruling
Direct appeal of determination of secured status of lender's claim in light of alleged UCC-1 termination statement certified.
Issue(s)
Should the question of whether a secured lender must authorize the act of filing a UCC-3 termination statement or must authorize the termination of the security interest identified for termination on that UCC-3 statement, raised in the process of determining the secured status of creditor, be certified for a direct appeal?

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on June 17, 2014 , LexisNexis #0714-031