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UNITED VIRGINIA BANK v. B. F. SAUL REAL ESTATE INVESTMENT TRUST

Nos. 80-1262, 80-1263.

641 F.2d 185 (1981)

UNITED VIRGINIA BANK/SEABOARD NATIONAL, a National Banking Association, Appellant, and Virginia National Bank, a National Banking Association, Plaintiff/Intervenor, v. B. F. SAUL REAL ESTATE INVESTMENT TRUST, Appellee, and Northeast Contract Drapery, Inc., Charles L. Marcus, Trustee; and National Hotel Management Corporation, Defendants. In re TRIANGLE INN ASSOCIATES, a Virginia Limited Partnership, d/b/a Holiday Inn Scope, Bankrupt. VIRGINIA NATIONAL BANK, a National Banking Association, Appellant, and United Virginia Bank/Seaboard National, a National Banking Association, Plaintiff/Intervenor, v. B. F. SAUL REAL ESTATE INVESTMENT TRUST, Appellee, and Northeast Contract Drapery, Inc., Charles L. Marcus, Trustee; and National Hotel Management Corporation, Defendants. In re TRIANGLE INN ASSOCIATES, a Virginia Limited Partnership, d/b/a Holiday Inn Scope, Bankrupt.

United States Court of Appeals, Fourth Circuit.

Decided February 20, 1981.

Attorney(s) appearing for the Case

James L. Miller, Norfolk, Va. (Williams, Worrell, Kelly & Greer, Norfolk, Va., on brief), and Charles W. Best, Jr., Norfolk, Va. (Kaufman & Oberndorfer, Norfolk, Va., on brief), for appellant.

Robert B. Robbins, Washington, D. C. (Leslie A. Nicholson, Jr., David Lawrence Miller, Shaw, Pittman, Potts & Trowbridge, Washington, D. C., David H. Adams, Taylor, Walker & Adams, Norfolk, Va., on brief), for appellee.

Before HAYNSWORTH, Chief Judge, FIELD, Senior Circuit Judge, and PHILLIPS, Circuit Judge.

JAMES DICKSON PHILLIPS, Circuit Judge:

This appeal involves a challenge by two banks, United Virginia Bank (UVB) and Virginia National Bank (VNB) (collectively, the banks) to the validity of a security interest claimed by B. F. Saul Investment Trust (Saul Trust) in certain personal property included in the bankrupt estate of Triangle Inn Associates (Triangle) and used in operation of the Holiday Inn-Scope in Norfolk, Virginia. The banks have liens on this personal...

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