Legal Opinion
Aberdeen Production Credit Ass'n v. Redfield Livestock Auction, Inc.
South Dakota Supreme Court
Decided December 24, 1985No. 14819, 14844, 14821, 14845, 14822, 14840, 14833, 14841, 14834 and 14842PublishedCited by 16 opinions
1Opinion of the Court
FOSHEIM, Chief Justice.
Aberdeen Production Credit Association (PCA) brought separate conversion actions against five South Dakota livestock auction companies or their owners (sale barns) for selling cattle in which PCA had a perfected security interest. Summary judgments were entered against PCA in all cases, which have been consolidated on appeal. We reverse.
During 1981, Bellman Farms, Inc., (Bellman Farms) was indebted to PCA for approximately a million and a half dollars. Various notes were executed by Bellman Farms and Ace Cattle Company, a tax shelter owned solely by the shareholders of…
2Cases cited12 opinions
- Wilson v. Great Northern Railway CompanySouth Dakota Supreme Court · 1968
- Garden City Production Credit Assn. v. LannanNebraska Supreme Court · 1971
- Wabasso State Bank v. Caldwell Packing Co.Supreme Court of Minnesota · 1976
- Swiden Appliance & Furniture, Inc. v. National Bank of South DakotaSouth Dakota Supreme Court · 1984
- Baken Park, Inc. v. County of PenningtonSouth Dakota Supreme Court · 1961
7 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Wegner v. GrunewaldtCourt of Appeals for the Eighth Circuit · 1987
- Garrett v. BankWest, Inc.South Dakota Supreme Court · 1990
- Rushmore State Bank v. Kurylas, Inc.South Dakota Supreme Court · 1988
- Zephier v. Catholic Diocese of Sioux FallsSouth Dakota Supreme Court · 2008
- Producers Cotton Oil Co. v. Amstar Corp.California Court of Appeal · 1988
11 more not listed; retrieve them via the Exa API.