The Bowling Alley Cases: Intent Is A Key Factor When Distinguishing Fixtures From Equipment

LexisNexis ( October 22, 2021, 11:11 AM EDT) -- A recent 2020 case from Iowa deals with similar facts and issues as a 2015 decision by an Illinois court. Both cases look at the intent of the debtor who financed electronic bowling apparatus which was installed inside their respective bowling alleys to determine whether the apparatus constitutes a fixture subject to mortgage financing or equipment subject to Article 9’s UCC financing rules for personal property. The more recent decision relies on the earlier decision....