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CITIZENS BANK AND TRUST v. GIBSON LUMBER CO.

Civ. A. No. C-87-0091-BG(M).

96 B.R. 751 (1989)

CITIZENS BANK AND TRUST, Plaintiff, v. GIBSON LUMBER COMPANY, Defendant.

United States District Court, W.D. Kentucky.

March 1, 1989.

Attorney(s) appearing for the Case

Walter Winn Davis, Glasgow, Ky., for Citizens Bank and Trust.

Ray B. White, Bowling Green, Ky., for Gibson Lumber.

Patricia Ann Thomas, Burkesville, Ky., for Randall Gibson.

Mark Flener, Bowling Green, Ky., trustee.

MEMORANDUM OPINION

BOYCE F. MARTIN, Jr., Circuit Judge, Sitting by Designation.

This is a review of a decision of the bankruptcy court. The first issue is whether or not omnibus clauses are effective in Kentucky when used to describe general types of collateral in security agreements. The second issue is, given that an omnibus clause may be effective, whether it remains effective against certain specific collateral that is not listed on a schedule of specific...

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