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BROWN v. FIRST NAT. BANK OF DEWEY

No. 79-1215.

617 F.2d 581 (1980)

Robert Leo BROWN and Billie Louise Brown, Bankrupts, Warren L. McConnico, Trustee, Plaintiff-Appellant, v. FIRST NATIONAL BANK OF DEWEY, Defendant-Appellee.

United States Court of Appeals, Tenth Circuit.

Decided March 20, 1980.

Attorney(s) appearing for the Case

Warren L. McConnico, Tulsa, Okl., for plaintiff-appellant.

Irvine E. Ungerman and John B. Wimbish of Ungerman, Conner, Little, Ungerman & Goodman, Tulsa, Okl., for defendant-appellee.

Before LEWIS, McKAY and LOGAN, Circuit Judges.

LOGAN, Circuit Judge.

This is an appeal from a judgment entered in favor of the First National Bank of Dewey, Oklahoma, and against Warren L. McConnico, trustee in bankruptcy. The question for decision is whether the district court correctly ruled that proceeds from a fire insurance policy paid to a secured creditor are "proceeds" from the disposition of the insured inventory within the meaning of the Uniform Commercial Code provision adopted as Okla.Stat.Ann. tit...

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