Production Credit Ass'n of Minot v. Melland

ERICKSTAD, Chief Justice.

This case involves the priority of competing claims between Production Credit Association and Daniel R. Delaney to the proceeds of Dorland Melland’s 1976 grain crop. Both parties loaned money to Melland that was allegedly secured by the crop and Mel-land subsequently defaulted on the loans. The district court held that Production Credit Association was entitled to the identifiable proceeds of the crop in the possession of Delaney and Ray Grain Corporation, a wholly-owned corporation of Delaney, and they appeal. We affirm the district court judgment.

Dorland Melland…