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IN RE DEXTER BUICK-GMC TRUCK CO.

Bankruptcy No. BK-79-146.

2 B.R. 242 (1980)

In re DEXTER BUICK-GMC TRUCK COMPANY, Debtor. GENERAL MOTORS ACCEPTANCE CORPORATION, Plaintiff, v. James L. TAFT, Jr., Receiver, Defendant.

United States Bankruptcy Court, D. Rhode Island.

January 18, 1980.

Attorney(s) appearing for the Case

Anthony G. Iannuccillo, Providence, R.I., for plaintiff.

Taft, McSally & McKenna, Providence, R.I., for defendant.

DECISION

ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.

Heard on the complaint of General Motors Acceptance Corporation (GMAC) to impress a trust upon funds on deposit in the Debtor's corporate checking account.

The relevant facts are undisputed. In 1962, the plaintiff, GMAC, and Elliot Buick Inc., the predecessor of the Debtor, Dexter Buick, executed a security agreement covering new and used vehicles, and the proceeds from the sale of these vehicles...

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