Legal Opinion
First National Bank of LeCenter v. Farmers Union Marketing & Processing Ass'n
Court of Appeals of Minnesota
Decided July 9, 1985No. C2-85-214PublishedCited by 4 opinions
1Opinion of the Court
OPINION
WOZNIAK, Judge.
Respondent First National Bank of Le-Center (First National) sued appellant Farmers Union Marketing and Processing Association (Farmers Union) for conversion of livestock. Farmers Union purchased the livestock, in which the bank had a valid, perfected security interest, from a farmer. Farmers Union alleged that the bank had authorized the farmer to sell the livestock, thereby waiving its security interest pursuant to Minn.Stat. § 336.9-306 (1982). The trial court granted summary judgment in favor of the bank. We affirm.
FACTS
First National held a valid security interest…
2Cases cited4 opinions
- Vacura v. Haar's Equipment, Inc.Supreme Court of Minnesota · 1985
- Wabasso State Bank v. Caldwell Packing Co.Supreme Court of Minnesota · 1976
- Bemidji Sales Barn, Inc. v. ChatfieldSupreme Court of Minnesota · 1977
- Swift County Bank v. United Farmers ElevatorsCourt of Appeals of Minnesota · 1985
3Cited by4 opinions
- Erlandson Implement, Inc. v. First State Bank of BrownsdaleCourt of Appeals of Minnesota · 1987
- Michigan National Bank v. Michigan Livestock ExchangeMichigan Supreme Court · 1989
- Citizens National Bank of Madelia v. Mankato Implement, Inc.Court of Appeals of Minnesota · 1988
- Michigan National Bank v. Michigan Livestock ExchangeMichigan Supreme Court · 1989