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IN RE FERGUSON

Bankruptcy Nos. 587-50218-7 to 587-50220-7, Adv. Nos. 588-5078 to 588-5080.

112 B.R. 820 (1990)

In re Debbie June FERGUSON, Wesley Charles Conway and Claudia June Conway, David Charles Conway, Debtors. SEMINOLE NATIONAL BANK, Plaintiff, v. Myrtle McDONALD, Trustee for the Estate of Debbie June Ferguson, Defendant. SEMINOLE NATIONAL BANK, Plaintiff, v. Myrtle McDONALD, Trustee for the Estate of Wesley Charles Conway and Claudia June Conway, Defendant. SEMINOLE NATIONAL BANK, Plaintiff, v. Myrtle McDONALD, Trustee for the Estate of David Charles Conway, Defendant.

United States Bankruptcy Court, N.D. Texas, Lubbock Division.

March 26, 1990.

Attorney(s) appearing for the Case

Myrtle McDonald, Jones, Flygare, Galey, Brown & Wharton, Lubbock, Tex., Trustee.

Robert W. St. Clair, Curry, Curry & Robinson, P.C., Lubbock, Tex., for the Bank.

CORRECTED MEMORANDUM OF OPINION ON COMMODITY CERTIFICATE

JOHN C. AKARD, Bankruptcy Judge.

These cases were consolidated for trial since all three involve the same trustee and the same creditor. The facts are stipulated and are summarized below. The trustee challenged the validity of the creditor's security interests on the Commodity Credit Corporation generic commodity certificate (CCC certificate) proceeds based on the theory that no state law interest...

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