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IN RE MONTREAL, MAINE & ATLANTIC RY., LTD.

No. 15-9003.

799 F.3d 1 (2015)

In re MONTREAL, MAINE & ATLANTIC RAILWAY, LTD., Debtor. Wheeling & Lake Erie Railway Co., Appellant, v. Robert J. Keach, Chapter 11 Trustee, et al., Appellees.

United States Court of Appeals, First Circuit.

August 19, 2015.

Attorney(s) appearing for the Case

George J. Marcus , with whom David C. Johnson , Andrew C. Helman , and Marcus, Clegg & Mistretta, P.A. were on brief, for the appellant.

Robert J. Keach , with whom Bernstein Shur Sawyer & Nelson was on brief, for appellee.

Before TORRUELLA, SELYA and DYK, Circuit Judges.

This bankruptcy appeal presents an issue of first impression at the federal appellate level: does Article 9 of the Uniform Commercial Code (UCC), as enacted in Maine, govern the taking and perfection of a security interest in a right to payment arising under an insurance policy? The bankruptcy court answered this question in...

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