MURRAH, Chief Judge.
This appeal involves the conflicting claims of a bank and a bankrupt corporation's trustee to money due the bankrupt corporation under a construction subcontract. The question before us is whether East Side National Bank holds a perfected security interest in the contractual payments; if so it is entitled to priority over the corporation's bankruptcy trustee under Section 70(c) of the Bankruptcy Act, 11 U.S.C. § 110(c).
In January...
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