Citation:
No. 13-6412 (6th Cir. Aug. 14, 2014) Ruling:
Reversing the bankruptcy court, the Sixth Circuit Court of Appeals held that dairy cow leases were true lease agreements, as opposed to disguised security agreements and, thus, lessor's reversionary interest in cows trumped the secured creditor's security interest.
Summarizing the applicable ...
Judge(s):
Circuit Judges Moore and Cole, and District Judge Drain