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IN RE RELIABLE MFG. CORP.

No. 81-3082.

703 F.2d 996 (1983)

In re RELIABLE MANUFACTURING CORPORATION, Debtor. LIBCO CORPORATION, Appellant, v. Charles W. LEIGH and Ervin F. Dusek, Appellees.

United States Court of Appeals, Seventh Circuit.

Decided March 18, 1983.

Attorney(s) appearing for the Case

Dean A. Dickie, Chicago, Ill., for appellant.

Ware Adams, Chicago, Ill., for appellees.

Before CUDAHY and COFFEY, Circuit Judges, and TIMBERS, Senior Circuit Judge.

CUDAHY, Circuit Judge.

This case involves the enforceability of a security interest under Section 9-203(1) of the Uniform Commercial Code, Ill.Rev.Stat. ch. 26, § 9-203(1) (1981), and under Section 160 of the Delaware Corporation Law, Del.Code Ann. tit. 8, § 160 (1978). The appellees, Charles W. Leigh and Ervin F. Dusek, assert a lien upon the proceeds of the sale of collateral of the bankrupt, Reliable Manufacturing...

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