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Markel Insurance Co. v. Origin Bancorp, Inc.

Court: ND Tx  03/21/2023  Lender Has Superior Perfected Security Interest Over Surety Insurer in Bankruptcy Debtor's Accounts

A court of the Northern District of Texas resolved cross-motions for summary judgment between a lender and a surety insurer, holding that the lender's perfected security interest in a bankruptcy debtor's bank accounts had priority over the surety insurer's interest where the lender perfected its interest first and where the debtor had not created a trust on behalf of the surety insurer.

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