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IN RE BARR

Bankruptcy No. 594-50721-7.

180 B.R. 156 (1995)

In re Mark James BARR and Stacy Ratisseau Barr, Debtors.

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

April 11, 1995.

Attorney(s) appearing for the Case

Robert W. St. Clair, Harding, Bass, Fargason & Booth, L.L.P., Lubbock, TX, for Seminole Nat. Bank.

Deborah J. Penner, Chapter 7 Trustee, Lubbock, TX.

MEMORANDUM OF OPINION ON UTILITY DEPOSIT AND CAPITAL CREDITS OF AN ELECTRIC COOPERATIVE

JOHN C. AKARD, Bankruptcy Judge.

Issue

The issue before the court is whether Seminole National Bank's (SNB's) perfected security interest covers Debtors' utility deposit and capital credits with Lea County Electric Co-op (Co-op). The parties stipulated that if the court finds that SNB has a perfected security interest in the utility deposit...

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