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MATTER OF MARTIN GRINDING & MACH. WORKS, INC.

No. 85-1666.

793 F.2d 592 (1986)

In the Matter of MARTIN GRINDING & MACHINE WORKS, INC., an Illinois corporation, Debtor. Appeal of FOREST PARK NATIONAL BANK.

United States Court of Appeals, Seventh Circuit.

Decided June 23, 1986.

Attorney(s) appearing for the Case

Stephen A. Snakard, McCarthy Duffy Neidhart & Snakard, Chicago, Ill., for appellant.

David K. Welch, Dozoryst, Cosby & Brustein, Chicago, Ill., for appellee.

Before WOOD, Circuit Judge, ESCHBACH, Senior Circuit Judge, and CAMPBELL, Senior District Judge.

ESCHBACH, Senior Circuit Judge.

The primary issue presented by this appeal is whether, under the Illinois Uniform Commercial Code, loan documents can supplement a security agreement to create a security interest in property inadvertently omitted from the security agreement's enumeration of secured collateral. The bankruptcy court dismissed a secured party's claim of a security interest in property not described in the security agreement. The district court affirmed...

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