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IN RE WEB2B PAYMENT SOLUTIONS, INC.

BAP No. 12-6047.

488 B.R. 387 (2013)

In re WEB2B PAYMENT SOLUTIONS, INC., Debtor. North American Banking Company, Plaintiff-Appellant v. Brian F. Leonard, Trustee, Defendant-Appellee.

United States Bankruptcy Appellate Panel of the Eighth Circuit.

Decided: March 25, 2013.

Attorney(s) appearing for the Case

Donald G. Heeman , argued and on the brief, Richard C. Salmen , Jacob C. Hendricks , on the brief, Minneapolis, MN, for appellant.

Brian Francis Leonard , argued and on the brief, Andrea M. Hauser , Leonard O'Brien , on the brief, Minneapolis, MN, for appellee.

Before FEDERMAN, Chief Judge, SCHERMER, and NAIL, Bankruptcy Judges.

FEDERMAN, Chief Judge.

North American Banking Company (NABC) appeals from the Order of the Bankruptcy Court1 granting summary judgment in favor of the Chapter 7 Trustee and ruling that NABC relinquished its possessory lien in account funds when it turned the funds over to the Trustee without requesting adequate protection of its possessory lien in such funds. For the reasons that follow, the Order...

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