I am told PSA filed a motion to return the Marx cards to their owners and that the motion was just heard and apparently for the moment denied, but I don't see the ruling on the docket. A tweet from Jackie Curiel suggests PSA needs to do more to comply with the court's order but there doesn't appear to have been some ruling that the cards belong to the debtor's estate. What Todd said sounds right to me, that the cards are not going to become property of Marx's estate just because the owners did not file a UCC-1 when they gave Marx their cards to submit to PSA. That seems like a classic bailment which if memory serves does not require a UCC-1. But I wouldn't bet heavily on that result.
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at
https://www.jamesspaethartwork.com/
He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt.
Last edited by Peter_Spaeth; 04-14-2022 at 07:03 PM.
|