Citizens National Bank v. Mid-States Development Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that limitations under the UCC provision identical to section 554.9306(4)(d)(ii) had no application outside the area of insolvency proceedings; 'and therefore, the trial court properly disregarded them
• “concedpng] that transferees in the ordinary course of business take free of a security interest in proceeds” but finding the exception inapplicable in that case
• “The effect of this Section is to give the Chapter nine secured party, upon a debtor’s default, priority over ‘anyone, anywhere, anyhow’ except as provided by the remaining Code rules.”

Source: CourtListener parenthetical corpus (CC0).