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IN RE CATTLE COMPLEX CORP.

Bankruptcy No. 11-85-00592MR, Adv. No. 85-0253M.

61 B.R. 526 (1986)

In re CATTLE COMPLEX CORP., a/k/a Chaves County Cattle Company and "3C", Debtor. The PRODUCTION CREDIT ASSOCIATION OF SOUTHERN NEW MEXICO, Plaintiff, v. Jeffrey LANE, d/b/a Jeffrey Lane Cattle Company, Bank of Northern New Mexico, John Dalton, Wells Fargo Bank, Century National Bank, Washington, D.C., Cattle Complex Corporation, and Chavez County Cattle Corp., Defendants.

United States Bankruptcy Court, D. New Mexico.

June 3, 1986.

Attorney(s) appearing for the Case

Charles W. Cresswell, Las Cruces, N.M., for Production Credit Assn.

Randall H. Fields, Mark Gregory Sessions, San Antonio, Tex., Douglas T. Francis, Albuquerque, N.M., for Cattle Complex Corp.

Susan Austin, El Paso, Tex., Robert A. Johnson, Albuquerque, N.M., for Chaves County Cattle.

Daniel J. Behles, Albuquerque, N.M., for Jeffrey Lane and Bank of Northern New Mexico.

Michael Wile, Albuquerque, N.M., for John Dalton.

George D. Giddens, Jr., Roswell, N.M., for Wells Fargo Credit Corp.

MEMORANDUM OPINION

MARK B. McFEELEY, Bankruptcy Judge.

This matter is before the Court on Production Credit Association (PCA) of Southern New Mexico's suit for Declaratory Judgment to Determine the Extent of and Validity of Liens and Interests and for Clarification of the Cash Collateral Order and Reclamation of Excess Proceeds. This memorandum opinion addresses the suit for declaratory judgment.

The issues before this Court are whether the plaintiff...

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