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940 F.2d 916

Docket No. 91-3170.

In re Lockovich

Third Circuit Court of Appeals

Argued July 31, 1991.

Decided Aug. 22, 1991.

Third Circuit Court of Appeals · decided 1991-08-22

Cited by 1 later decisions — most recently August 1991

1 federal appellate ·

2 counsel of record

Applies 11 U.S.C. § 362

Relies on Gallatin National Bank v. Lockovich (In Re Lockovich)

Good law ✅— No negative treatment on recordhow we know

Opinion by (per_curiam) · Decided 1991-08-22

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¶1Donald R. Calaiaro (argued), Calaiaro & Corbett, Pittsburgh, Pa., for appellants.

¶2Charles 0. Zebley, Jr. (argued), Coldren, Adams, DeHaas & Radcliffe, Uniontown, Pa., for appellee Gallatin Nat. Bank.

¶3Before BECKER, SCIRICA and ROTH, Circuit Judges.

¶4OPINION OF THE COURT

¶5PER CURIAM.

¶6This is an appeal from a judgment of the United States District Court for the Western District of Pennsylvania reversing the bankruptcy court. The issue presented for review is whether a financing statement must be filed under the Uniform Commercial Code of Pennsylvania to perfect a purchase money security interest in a twenty-two foot motor boat purchased for $32,500 and used primarily for personal purposes. The district court concluded that: (i) the motor boat is a consumer good for which filing is not required pursuant to 13 Pa.C. S.A. § 9302(a)(4) (Purdon’s 1984); (ii) the creditor has a valid security interest in the boat; and (iii) the creditor is entitled to relief from the automatic stay under 11 U.S.C. § 362(d) (1988).

¶7We agree with the district court’s reasoning and conclusions, and will affirm based on the opinion by United States District Judge Donald J. Lee. See In re Lockovich, 124 B.R. 660 (W.D.Pa.1991). We especially note our endorsement of Judge Lee’s comment that “[i]f motorboats or other expensive items are to be excluded from the dictates of § 9302(a)(4), ... such determinations are necessarily for the Pennsylvania Legislature.” Id. at 663.

¶8Costs taxed against appellants.

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