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L AND V CO. v. ASCH

[No. 85, September Term, 1972.]

267 Md. 251 (1972)

297 A.2d 285

THE L AND V COMPANY v. ASCH, TRUSTEE FOR THE REVEL CRAFT MANUFACTURING COMPANY

Court of Appeals of Maryland.

Decided December 6, 1972.

Attorney(s) appearing for the Case

Leon H.A. Pierson, with whom were Pierson & Pierson on the brief, for appellant.

Mitchell Stevan, with whom was Howard A. Rubenstein on the brief, for appellee.

The cause was argued before BARNES, SINGLEY, SMITH and DIGGES, JJ., and WILLIAM J. O'DONNELL, Associate Judge of the Supreme Bench of Baltimore City, specially assigned.

BARNES, J., delivered the opinion of the Court.

The appellant, The L and V Company (L and V), was denied a preferred claim on April 7, 1972, by order of George Sachse, J., of the Circuit Court for Anne Arundel County, in a receivership case following an assignment by L and V for the benefit of its creditors. The principal question is whether or not L and V's financing statement perfected an enforceable security in the assets of Revel Craft Manufacturing Company, the...

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