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In RE Miller – Colorado Bankruptcy Appeal – Deutsche Failed to Conform to UCC Requirements

In RE Miller – Colorado Bankruptcy Appeal – Deutsche Failed to Conform to UCC Requirements

By Daniel Edstrom
DTC Systems, Inc.

Thanks to Deontos for this bankruptcy appeals decision.  In RE: Mark Stanley Miller vs. Deutsche Bank National Trust Company. Uniform Commercial Code (UCC) issues are addressed by the appeals court in this ruling.

Excerpt:

4. Deutsche Bank’s Status as “Party in Interest”

5 Deutsche Bank presented evidence that IndyMac had indorsed the Note in

blank. Is proof of this indorsement sufficient under the U.C.C. requirements to

establish Deutsche Bank as the successor holder of the note? As we shall see,

 it is not, because Deutsche Bank must also prove it has possession of the 

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