OPINION
DUMBAULD, District Judge.
This appeal from the bankruptcy Court presents an interesting question as to the scope of a security interest assigned as part of a novation. The facts are undisputed.
On January 1, 1972, the bankrupt (Bollinger) borrowed $150,000 from Industrial Credit Company (ICC). The loan was evidenced by a note, a security agreement, and a financing statement, as prescribed by the Uniform Commercial Code. Bollinger paid off...
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