Attorney General Opinion No. 1981-091
Author | : Robert T. Stephan |
Publisher | : |
Total Pages | : |
Release | : 1981 |
ISBN-10 | : OCLC:869374389 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Attorney General Opinion No. 1981-091 written by Robert T. Stephan and published by . This book was released on 1981 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Generally, under Kansas law the relationship between the depositor of grain and a grain storage warehouse is that of a bailment. The depositor's interests are normally preferred over secured and unsecured creditors in insolvency proceedings under the Federal Bankruptcy Code. Such preferred legal status does not prevent the trustee in bankruptcy from exercising temporary jurisdiction over stored grains in the debtor's warehouse until ownership rights of the bailor can be established. However, the trustee must exercise this control in the interests of ownership rights of the holders of documents of title. Cited herein: K.S.A. 34-227, 34-270, 34-2104, 84-2-305, 11 U.S.C.A. 725 (Supp. 1980).