The ability to obtain a security interest in the underlying nonassignable right is critical in bankruptcy proceedings because if the secured party has a security interest in the underlying nonassignable right, then the proceeds exception in section 552(b) of the Code would allow the secured party's security interest to attach to the proceeds of a postpetition transfer.
The Japanese beetle (JB) is a serious pest of turf and ornamental plants. Grubs feed on the roots of grass and adults feed on the foliage of more than 300 plant species. Japanese beetles were first found in United States in 1916, after being accidentally introduced into New Jersey. Until that time, this insect was known to occur only in Japan where it is not a major pest. It is controlled in the eastern United States by soil-inhabiting protozoans that are not present in Minnesota.
By the time of the US entry into World War II, these industries were thriving, and many Japanese Americans had entered the middle class. After the 1941 Japanese attack on Pearl Harbor, however, the federal government rounded up and relocated 120,000 Californians of Japanese descent in the name of national security.