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IN RE CIRCUS TIME, INC.

No. 80-1532.

641 F.2d 39 (1981)

In re CIRCUS TIME, INC., Debtor. Grumman Credit Corporation, Defendant, Appellant.

United States Court of Appeals, First Circuit.

Decided February 18, 1981.

Attorney(s) appearing for the Case

George J. Marcus, Portland, Me., with whom Daniel W. Emery, Portland, Me. and Pierce, Atwood, Scribner, Allen, Smith & Lancaster, Portland, Me., were on brief, for defendant, appellant.

Richard E. Poulos, Portland, Me., for appellee.

Before COFFIN, Chief Judge, CAMPBELL and BOWNES, Circuit Judges.

LEVIN H. CAMPBELL, Circuit Judge.

Grumman Credit Corporation appeals the judgment of the bankruptcy court holding that its security interests in certain assets of the debtor in possession Circus Time, Inc., were unperfected.

Under six separate agreements executed during the period from May 1978 through March 1979, Grumman leased to Circus Time six 1978 Chevrolet vans. Three of the vans were registered in Maine and...

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