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IN RE HAMMOND

Bankruptcy No. BK-82-02317, Adv. No. 82-0524.

31 B.R. 517 (1983)

In re Ronald W. HAMMOND and Diane A. Hammond, d/b/a Sooner Energy, Debtors. PATCO, Inc., an Oklahoma corporation, and C.M.C. Investments, Inc., an Oklahoma corporation, Plaintiffs, v. Raymond W. HAMMOND and Diane A. Hammond, d/b/a Sooner Energy; Local Federal Savings and Loan Association of Oklahoma City, f.a.; and PQ Corporation, a Pennsylvania corporation, Defendants.

United States Bankruptcy Court, W.D. Oklahoma.

July 15, 1983.

Attorney(s) appearing for the Case

Robert I. Owen of Bratcher, Owen, Latting, Teague & Owen, Oklahoma City, Okl., for plaintiffs.

Jim K. Goodman, Ann L. Faford and Monty B. Bottom of Crowe & Dunlevy, Oklahoma City, Okl., for defendants.

Motion for Partial Summary Judgment

ROBERT L. BERRY, Bankruptcy Judge.

STATEMENT OF THE CASE

The issue before the Court is whether a limited assignment of promissory note proceeds was intended to create a security interest in favor of Plaintiffs or constituted an outright transfer of the note to Plaintiffs. If it was intended to create a security interest, upon Plaintiffs' failure to properly perfect, and...

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