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IN RE TRI-COUNTY MATERIALS, INC.

No. 90-1041.

114 B.R. 160 (1990)

In Re TRI-COUNTY MATERIALS, INC., Debtor.

United States District Court, C.D. Illinois.

April 13, 1990.

Attorney(s) appearing for the Case

Donald Knuckey, Henry, Ill., for debtor.

James Andreoni, Peru, Ill., for Ladd Const.

Stephen A. Kouri, Peoria, Ill., for First State Bank.

Gerald M. Hunter, Oglesby, Ill., for KMB, Inc.

ORDER

MIHM, District Judge.

Pending before the Court is an appeal and cross-appeal of the bankruptcy court's decision that while Appellant KMB, Inc. did not have a valid security interest in funds owing to the Debtor, KMB did have a valid mechanics lien on those funds. For the reasons stated below, the bankruptcy court is affirmed.

FACTS

Tri-County Materials, the Debtor below, operated a sand and gravel pit. Ladd Construction Company was...

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