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IN RE COED SHOP, INC.

No. TBK 75-69.

435 F.Supp. 472 (1977)

In re COED SHOP, INC., Bankrupt.

United States District Court, N. D. Florida, Tallahassee Division.

May 20, 1977.

Attorney(s) appearing for the Case

William M. Smith, Ausley, McMullen, McGehee, Carothers & Proctor, Tallahassee, Fla., for plaintiff.

C. Edwin Rude, Jr., Ervin, Varn, Jacobs, Odom & Kitchen, Tallahassee, Fla., for trustee.

STAFFORD, District Judge.

On December 20, 1974 the Coed Shop, Inc., a Florida corporation, borrowed $35,000 from Capital City First National Bank for the purpose of opening a nightclub business. As collateral for the loan Coed gave Capital City an assignment and a first lien on its liquor license which was filed with the State of Florida Department of Business Regulations, Division of Beverage, pursuant to Fla.Stat. § 561.65 (1975).

Coed opened for business...

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