GODBOLD, Chief Judge:
Florida Steel Corp., a petitioning creditor of Davidson Lumber Co. and Davidson Timber Co., the "debtors," appeals from the judgment of the district court. That court held that a certificate of deposit (CD) constituted cash proceeds under Fla.Stat.Ann. Sec. 679.306(1) (West Supp.1983), and that therefore the appellees, Citicorp and Southeast Bank, had a continuing perfected security interest in the CD at issue, even though they were not in possession...
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