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IN RE FULLOP

Bankruptcy No. BK 85-40388, Adv. No. 88-0074.

125 B.R. 536 (1990)

In re Henry Robert FULLOP, Debtor. Gibson D. KARNES, Trustee, Plaintiff, v. SALEM NATIONAL BANK, Defendant.

United States Bankruptcy Court, S.D. Illinois.

September 14, 1990.

Attorney(s) appearing for the Case

Charles E. Jones, McLeansboro, Ill., Terry Sharp, Mt. Vernon, Ill., for Trustee.

A. Ben Mitchell, Mount Vernon, Ill., for Salem Nat. Bank.

Roger L. Vetter, Belleville, Ill., for Ralph Stowe and Tristram Resources, Inc., Intervenor.

MEMORANDUM AND ORDER

KENNETH J. MEYERS, Bankruptcy Judge.

The Court is called upon in this case to determine the effect of the Uniform Commercial Code on a creditor's security interest in oil and gas properties. Specifically, the Court must decide whether assignments of the debtor's working interests in oil and gas leases given as security for loans to the debtor were required to be perfected as security interests under the Uniform Commercial Code and, if...

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