BOWMAN, Circuit Judge.
The sole issue raised by this appeal is whether under South Dakota law a valid security interest may be created in a liquor license issued by the State of South Dakota. The District Court held that it may not. We believe the District Court erred in so ruling, and therefore we reverse.
This case arises from the involuntary bankruptcy of O'Neill's Shannon Village (O'Neill's), a partnership which operated a combination bar, restaurant,...
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