Case Name: Texaco, Incorporated, Claimant, vs. State of Illinois, Respondent
Court: Illinois Court of Claims
Jurisdiction: Illinois
Decision Date: 1976-09-22
Citations: 31 Ill. Ct. Cl. 523
Docket Number: No. 75-1035
Parties: Texaco, Incorporated, Claimant, vs. State of Illinois, Respondent.
Judges: 
Reporter: Illinois Court of Claims Reports
Volume: 31
Pages: 523–524

Head Matter:
(No. 75-1035
Texaco, Incorporated, Claimant, vs. State of Illinois, Respondent.
Opinion filed September 22, 1976.
Gregory S. Murray, Attorney for Claimant.
William J. Scott, Attorney General; William J. Karaganis, Assistant Attorney General, for Respondent.

Opinion:
Per Curiam.
This cause coming on to be heard on the Joint Stipulation of the parties hereto, and the Court being fully advised in the premises;
This Court finds that this claim is for the recovery of the proceeds of a security interest held by Claimant in an inventory of Robert Cordtz that the Department of Revenue attached (pursuant to the State's lien and assessment B-32326) for Cordtz's failure to pay $2,561.70 in back taxes. An investigation of this claim by the Department of Revenue and substantiated by the files of the Secretary of State determined that Claimant's security interest of $1,301.17 was superior to the State's lien. The investigation further disclosed that Claimant's priority interest was pursuant to the Uniform Commercial Code, Ill.Rev.Stat., Ch. 26, §1-101 et. seq.
It is hereby ordered that the sum of One Thousand Three Hundred One and 17/100 Dollars ($1,301.17) be awarded to Claimant in full satisfaction of any and all claims presented to the State of Illinois under the above captioned cause.