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MIAMI NATIONAL BANK v. KNUDSEN

No. 19009.

300 F.2d 289 (1962)

MIAMI NATIONAL BANK, Appellant, v. Nelse S. KNUDSEN, Trustee for Ludman Corporation, Bankrupt, Appellee.

United States Court of Appeals Fifth Circuit.

February 26, 1962.

Attorney(s) appearing for the Case

Howard R. Hirsch, Miami, Fla., for appellant.

Harold Friedman, Miami, Fla., for appellee.

Before TUTTLE, Chief Judge, and JONES, and WISDOM, Circuit Judges.

WISDOM, Circuit Judge.

We are asked to construe the Florida Assignment of Accounts Receivable Act. In Florida, as in most states, the legislature has adopted a statute designed to protect non-notification accounts receivable financing. The statute in question, Chapter 524, Florida Statutes, 1957, F.S. A.,1 provides that an assignee may perfect his assignment of accounts receivable by filing a notice of the assignment with the Secretary...

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