MITCHELL v. SHEPHERD MALL STATE BANK

No. BK-69-1350.

324 F.Supp. 1029 (1971)

In the Matter of Richard Dudley MITCHELL and Ruby Della Donelson, d/b/a Marby's Style Shop, a Partnership, Bankrupts, v. SHEPHERD MALL STATE BANK, Small Business Administration, Respondents.

United States District Court, W. D. Oklahoma, Bankruptcy Division.

March 23, 1971.


Attorney(s) appearing for the Case

Luttrell, Pendarvis & Rawlinson, Benedum & Benedum, Norman, Okl., for bankrupts.

Norman Reynolds, Oklahoma City, Okl., for Trustee in Bankruptcy.

Dick Tourtellotte, Oklahoma City, Okl., for Shepherd Mall St. Bank.

Billy B. Bowe, Oklahoma City, Okl., for Small Business Administration.


MEMORANDUM

DAUGHERTY, District Judge.

The question for review certified by the Referee is as follows: "Under the testimony and evidence did the Referee err in deciding and in holding the Security Agreement in question in this case was valid and covered equipment, inventory, accounts receivable, contract rights and proceeds in the bankrupt's stores at Moore and Edmond, Oklahoma, to the extent of the unpaid balance on the note now held by the Small Business...

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