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ORIX CREDIT ALLIANCE, INC. v. SOVRAN BANK, N.A.

No. 92-2386.

4 F.3d 1262 (1993)

ORIX CREDIT ALLIANCE, INCORPORATED, formerly known as First Interstate Credit Alliance, Incorporated, formerly known as Credit Alliance Corporation, Plaintiff-Appellant, v. SOVRAN BANK, N.A., Defendant-Appellee.

United States Court of Appeals, Fourth Circuit.

Decided August 30, 1993.

Attorney(s) appearing for the Case

Joel Ira Sher, Shapiro & Olander, Baltimore, MD, argued (Timothy F. McCormack, Stewart P. Hoover, on brief), for plaintiff-appellant.

Bruce H. Matson, Hazel & Thomas, P.C., Richmond, VA, argued for defendant-appellee.

Before POWELL, Associate Justice (Retired), United States Supreme Court, sitting by designation, ERVIN, Chief Judge, and HAMILTON, Circuit Judge.

HAMILTON, Circuit Judge:

Orix Credit Alliance, Inc. (Orix) appeals the district court's grant of summary judgment in favor of Sovran Bank (Sovran) awarding Sovran a priority claim to the proceeds arising from the sale of a Crane on which Orix maintained a security interest lien. Finding no error, we affirm.

I

This controversy involves a dispute over the right to proceeds from the sale of a debtor's collateral...

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