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IN RE DAYS CALIFORNIA RIVERSIDE LTD. PARTNERSHIP

No. 92-16536.

27 F.3d 374 (1994)

In re DAYS CALIFORNIA RIVERSIDE LIMITED PARTNERSHIP; Days California La Palma Limited Partnership; Chesterfield Century City Limited Partnership, Debtor. FINANCIAL SECURITY ASSURANCE, INC., Appellant, v. DAYS CALIFORNIA RIVERSIDE LIMITED PARTNERSHIP; Days California La Palma Limited Partnership; Chesterfield Century City Limited Partnership, Appellees.

United States Court of Appeals, Ninth Circuit.

June 14, 1994.

Attorney(s) appearing for the Case

Russell D. Pollock and Rodney C. Gilmore, Greene, Radovsky, Maloney & Share, San Francisco, CA, for appellant.

Maureen McQuaid, Bronson, Bronson & McKinnon, San Francisco, CA, for appellees.

Before: SCHROEDER and NOONAN, Circuit Judges, and JONES, District Judge.

Opinion by Judge NOONAN; Dissent by Judge SCHROEDER.

NOONAN, Circuit Judge:

This case requires decision of a question hitherto undecided by us: whether in California the revenues of a hotel can, to any degree, remain, after bankruptcy, covered by a security agreement entered into before bankruptcy. We answer affirmatively.

In 1989, Days California Riverside Limited Partnership, Days California La Palma Limited Partnership and Chesterfield Century City...

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