IN RE LATIN INV. CORP.

Bankruptcy No. 90-01046, Adversary Proceeding No. 92-0278.

156 B.R. 102 (1993)

In re LATIN INVESTMENT CORPORATION, Debtor. Murray DRABKIN, Trustee, Plaintiff, v. CAPITAL BANK, N.A., Defendant.

United States Bankruptcy Court, District of Columbia.

June 30, 1993.


Attorney(s) appearing for the Case

Jose M. Ochoa, Arent, Fox, Kintner, Plotkin & Kahn, Washington, DC, for plaintiff.

Dwight D. Meier, Ginsburg, Feldman and Bress, Chtd., Washington, DC, for defendant.


DECISION DENYING CROSS-MOTIONS FOR SUMMARY JUDGMENT

S. MARTIN TEEL, Jr., Bankruptcy Judge.

This adversary proceeding is an avoidance action. Resolving it involves determining how to perfect a security interest in a certificate of deposit (CD) bearing the legend "non-negotiable" and "non-transferable." Central to the dispute is how the CD should be classified under Article 9 of the Uniform Commercial Code ("UCC"). This is important because it controls...

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