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LOAD-IT, INC. v. GTE LEASING CORP.

Civ. A. No. C86-04R, Related Bankruptcy No. 84-89R.

72 B.R. 13 (1986)

LOAD-IT, INC. v. GTE LEASING CORPORATION. In re LOAD-IT, INC.

United States District Court, N.D. Georgia, Rome Division.

June 19, 1986.

Attorney(s) appearing for the Case

John E. Niedrach, Hine & Carroll, Rome, Ga., for Load-It, Inc.

William E. Turnipseed, Savelle, Williams, Cox & Angel, Atlanta, Ga., for GTE Leasing Corp.

ORDER

HAROLD L. MURPHY, District Judge.

Load-It, Inc. appeals the bankruptcy court's decision that GTE Leasing Corporation ("GTE Leasing") has a perfected security interest in three Kenworth tractors. This Court reverses and remands.

On May 20, 1983, Load-It, Inc. entered into a Master Lease agreement with GTE Leasing. Pursuant to that agreement, Load-It agreed to lease, with an option to buy, three Kenworth tractors. Pursuant to O.C.G.A. §...

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