In Bayside Developers, a creditor was held to have waived its security interest by accepting the proceeds of a Court-approved negotiated sale by a receiver of a portion of the creditor's collateral.
Summary of this case from In re 500 Ygnacio Associates, Ltd.1991.
[EDITORS' NOTE: PAGES 1547 — 1559 CONTAINING GREAT AMERICAN FIRST SAVINGS BANK v. BAYSIDE DEVELOPERS HAVE BEEN OMITTED.]
Deleted on direction of Supreme Court by order dated March 12, 1992.
In Bayside Developers, a creditor was held to have waived its security interest by accepting the proceeds of a Court-approved negotiated sale by a receiver of a portion of the creditor's collateral.
Summary of this case from In re 500 Ygnacio Associates, Ltd.Full title:Great American First Savings Bank v. Bayside Developers
Court:Court of Appeal of California
Date published: Jan 1, 1991
The underlying principle of all these cases is that a creditor with real property security may not take…
In re 500 Ygnacio Associates, Ltd.The underlying principle of all these cases is that a creditor with real property security may not take…