Insley Manufacturing Corp. v. Draper Bank & Trust

How courts have described this case

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

• ruling that perfected security interest prevails over a right of setoff
• noting that \[a] secured party should be able to rely on his compliance with the Code's requirements for perfection\
• noting that the purpose of section 9-205 “is to reheve creditors from the age-old requirement of policing collateral in the hands of a debtor”
• explaining that perfection of a security interest gives the party that has perfected it priority over third parties
• holding secured creditor’s perfected security interest has “priority over ‘anyone, anywhere, anyhow’ ”

Source: CourtListener parenthetical corpus (CC0).