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IN RE OTASCO, INC.

Bankruptcy No. 88-03410-W, Adv. No. 89-0204-W.

111 B.R. 976 (1990)

In re OTASCO, INC., Debtor. WHEELS, INC., Plaintiff, v. OTASCO, INC., a Nevada corporation, Defendant.

United States Bankruptcy Court, N.D. Oklahoma.

March 27, 1990.

Attorney(s) appearing for the Case

Brian J. Rayment, Joyce and Pollard, Tulsa, Okl., for plaintiff; Kevin T. Keating and James D. Harrington, McDermott, Will & Emery, Chicago, Ill., of counsel.

Sam Bratton, II, Doerner, Stuart, Saunders, Daniel & Anderson, Tulsa, Okl., for defendant.

MEMORANDUM DECISION AND ORDER

MICKEY DAN WILSON, Bankruptcy Judge.

Wheels, Inc. brought an adversary proceeding for declaratory judgment against Otasco, Inc. to determine priority of conflicting interests in certain motor vehicles or their proceeds. The issue is whether a written agreement concerning these vehicles and purporting to be a lease, should be treated as an unperfected security agreement. The matter has been submitted for decision on stipulations...

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