KLINGNER v. POCONO INTERN. RACEWAY, INC.


289 Pa.Super. 484 (1981)

433 A.2d 1357

Frank W. KLINGNER and Ellen Klingner v. POCONO INTERNATIONAL RACEWAY, INC., First Pennsylvania Bank N.A. Appeal of FIRST PENNSYLVANIA BANK, N.A.

Superior Court of Pennsylvania.

Filed June 19, 1981.

Reargument Denied September 11, 1981.

Petition for Allowance of Appeal Denied December 21, 1981.


Attorney(s) appearing for the Case

Norman R. Bradley, Philadelphia, for appellant.

Maxwell H. Cohen and John A. Hiscott, Stroudsburg, for Klingner, appellees.

Ralph A. Matergia, Stroudsburg, for Pocono, did not file a brief on behalf of appellee.

Before CERCONE, President Judge, and PRICE, SPAETH, HESTER, CAVANAUGH, WICKERSHAM and HOFFMAN, JJ.


WICKERSHAM, Judge:

The theoretical propriety of an Article Nine security interest in ticket proceeds is a question of first impression in this Commonwealth, and has received little judicial attention anywhere. Despite the scarcity of cases on the subject, the issue is of major importance to the financing of businesses in the Commonwealth which derive revenues from ticket sales, including theatres, stadiums, concert...

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