Duncan Box & Lumber Co. v. Applied Energies, Inc.

How courts have described this case

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

• holding that UCC does not apply to security interests in deposit accounts even when created for the purpose of providing collateral for the bank
• ruling that reserve account to which only bank had access met requirement for common-law security interest
• holding that UCC does not apply to a pledge or transfer of a bank account, and therefore, the validity of such an arrangement is tested, not by the UCC, but under the common law

Source: CourtListener parenthetical corpus (CC0).