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IN RE N-REN CORP.

No. 87-4123.

883 F.2d 38 (1989)

In re N-REN CORPORATION, Debtor. BANK AMERICA COMMERCIAL; the First National Bank of St. Paul; the Third National Bank in Nashville; and the Central Trust Company, N.A., Plaintiffs-Appellees, v. OKLAHOMA NATURAL GAS COMPANY, Defendant-Appellant.

United States Court of Appeals, Sixth Circuit.

Decided August 21, 1989.

Attorney(s) appearing for the Case

Robert S. Gebhard, Vorys, Sater, Seymour & Pease, Robert J. Sidman (argued), Columbus, Ohio, Michael V. Snyder, Huffman, Arrington, Kihle, Gaberino & Dunn, Tulsa, Okl., for defendant-appellant.

James C. Cunningham, Graydon, Head & Ritchey, Thomas L. Gabelman, Cincinnati, Ohio, for Bank America Commercial and Third Nat. Bank in Nashville.

James L. Kincaid, Conner & Winters, Tulsa, Okl., Alan C. Gershenson (argued), Bland, Rome, Comisky & McCauley, Thomas E. Biron, Philadelphia, Pa., for Central Trust Co.

Richard D. Holpe, Fabyanske, Svoboda & Westra, St. Paul, Minn., for First Nat. Bank of St. Paul.

Jeffrey Marks, Taft, Stettinius & Hollister, Cincinnati, Ohio, for N-REN Corp.

Before ENGEL, Chief Judge; and WELLFORD and BOGGS, Circuit Judges.

ENGEL, Chief Judge.

This action arises from the January 25, 1986 Chapter 11 bankruptcy petition of N-REN Corporation, a Pryor, Oklahoma fertilizer producer. In determining creditor priorities, the United States Bankruptcy Court for the Southern District of Ohio granted summary judgment in favor of plaintiff-appellee Bank America Commercial Corporation (Bank America), holding that Bank America's April 21, 1976 perfected security interest in N-REN assets has priority...

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