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IN RE COPELAND

No. BK 70-94.

391 F.Supp. 134 (1975)

In the Matter of Lammot duPont COPELAND, Jr., Debtor.

United States District Court, D. Delaware.

February 3, 1975.

Attorney(s) appearing for the Case

E. Norman Veasey, Martin I. Lubaroff, and Richard G. Elliott, Jr., Richards, Layton & Finger, Wilmington, Del., for the debtor.

Howard L. Williams, and Eduard F. von Wettberg, III, Morris, James, Hitchens & Williams, Wilmington, Del., for the Creditors' Committee.

Joseph Donald Craven, F. Alton Tybout, Tybout, Redfearn & Schnee, Wilmington, Del., for Pension Benefit.

OPINION

MURRAY M. SCHWARTZ, District Judge.

This opinion treats the scope of summary jurisdiction in a Chapter XI proceeding under the Bankruptcy Act and the meaning of the term "bailee" as used in section 9-305 of the Uniform Commercial Code.

On July 3, 1967, Lammot duPont Copeland, Jr. ("Copeland") personally guaranteed a $2,700,000 loan made by Pension Benefit Fund, Inc. ("Pension Benefit") to Graphic Production Company and The Citizen-News Company...

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