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IN RE JACKSON

Bankruptcy No. 79-30477.

5 B.R. 164 (1980)

In re William A. JACKSON, d/b/a Jackson Jewelers, Bankrupt. Sam J. McALLESTER, III, Trustee, Plaintiff, v. William A. JACKSON and First American National Bank of Nashville, Defendants.

United States Bankruptcy Court, M.D. Tennessee.

June 30, 1980.

Attorney(s) appearing for the Case

Sam J. McAllester, III, Nashville, Tenn., for plaintiff.

Sterling Minor, Nashville, Tenn., for defendant William A. Jackson.

Keith B. Simmons, Nashville, Tenn., for defendant First American National Bank.

MEMORANDUM

RUSSELL H. HIPPE, Jr., Bankruptcy Judge.

This adversary proceeding between the trustee and a bank, which asserts perfected security interests in the bankrupt's inventory, equipment, and fixtures, presents what appears to be a question of first impression regarding the assignment of security interests under the Uniform Commercial Code (hereinafter referred to as the Code). The bank made three loans to the bankrupt, the sole proprietor of a small...

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