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Aldridge's Custome Printing, Inc., BK80-2610

An oral agreement to assign a security interest, followed by payment in full of the consideration, is sufficient to create a valid assignment. If the original security interest was perfected, it remains perfected in the assignee, pursuant to the U.C.C

Date: 
Friday, August 14, 1981
Judge: 
Judge Timothy J. Mahoney (Retired)