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Home / Opinions / Courts / 8th U.S. Circuit Court of Appeals / Banks and Banking: Security Interests – Priority – Financing Statement

Banks and Banking: Security Interests – Priority – Financing Statement

Where plaintiff sought a declaratory judgment against banks to determine the priority of their security interests, summary judgment for the plaintiff is reversed because the defendants' financing statements indicated coverage of all of a debtor's assets, the language sufficiently described the collateral and any inaccuracies in describing the specific annuity contracts at issue were immaterial ...

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