Court: Liquor Permits Are Not 'Property'

LEHR BEIDELSCHIES | Ohio Tavern News Staff Writer
Published: 09/21/2006

COLUMBUS - The 10th District Court of Appeals last month ruled that Ohio liquor permits do not constitute ""property"" to be used as collateral.As part of a 2002 security agreement between Banc of America and Cooker Restaurant Corp., Cooker granted Banc of America a security interest in certain enumerated assets of its business, including equipment, fixtures and ""general intangibles.