Eco Espectrum Technologies v. Century Frozen Foods

How courts have described this case

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

• holding that a transfer is defined by federal law and, in the absence of federal law, property interests are “creatures of state law”
• holding that under section 547(b) a transfer made by check occurs on the date the check is honored
• holding that a “transfer” of property is only made with respect to a negotiable instrument when it is finally honored by the drawee financial institution
• holding that the date a check is honored determines the date a transfer is made for purposes of 11 U.S.C. § 547(b)
• concluding that “in the absence of any controlling federal law, ‘property’ and ‘interest[s] in property’ are creatures of state law.”
• holding that for purposes of a preferential transfer analysis, a transfer by check occurs when the drawee bank honors the check

Source: CourtListener parenthetical corpus (CC0).