In re Motors Liquidation: US Court of Appeals Holds Filing was Authorized | Practical Law
The US Court of Appeals for the Second Circuit, in Official Comm. of Unsecured Creditors of Motors Liquidation Co. v. JPMorgan Chase Bank, N.A. (In re: Motors Liquidation Company), ruled that despite a lack of intent to terminate the financing statement in question, JPMorgan had authorized the termination statement to be filed.