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IN RE SAFEGUARD SELF-STORAGE TRUST

No. 91-56069.

2 F.3d 967 (1993)

In re SAFEGUARD SELF-STORAGE TRUST, Debtor. WATTSON PACIFIC VENTURES, Plaintiff-Appellant, v. VALLEY FEDERAL SAVINGS & LOAN, Defendant, Safeguard Self-Storage Trust, Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

Decided August 17, 1993.

Attorney(s) appearing for the Case

Charles D. Schoor, Adams, Duque & Hazeltine, Los Angeles, CA, for plaintiff-appellant.

Jeffrey L. Costell, Keck, Mahin & Cate, Los Angeles, CA, for defendant-appellee.

Before: WOOD, Jr., REINHARDT and RYMER, Circuit Judges.

RYMER, Circuit Judge:

Wattson Pacific Ventures ("WPV") appeals the district court's order affirming a decision of the bankruptcy court that the revenues which Safeguard Self-Storage Trust receives from leasing storage space do not constitute cash collateral under 11 U.S.C. § 363(a). WPV argues that the contrary result is compelled under California law because the storage agreements are leases rather than licenses. We have jurisdiction pursuant to 28 U.S.C. &...

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