Legal Opinion

Farmers & Merchants National Bank v. Fairview State Bank

Supreme Court of Oklahoma

Decided November 22, 1988No. 64337PublishedCited by 11 opinions

1Opinion of the Court

HODGES, Justice.

This appeal presents three issues: (1) Has federal law displaced the Oklahoma Uniform Commercial Code in governing the rights of creditors to Payment-In-Kind Diversion Program benefits? (2) Does a financing statement covering “growing crops ... and proceeds thereof” reasonably identify Payment-In-Kind Diversion Program benefits as proceeds? (3) Did appel-lee’s security interest in Payment-In-Kind Diversion Program benefits, as proceeds of growing crop collateral, remain continuously perfected? We answer the first question in the negative and the remaining questions in the…

2Cases cited17 opinions

  1. In Re Dwayne Sunberg, Patricia Sunberg, Engaged in Farming, DebtorsCourt of Appeals for the Eighth Circuit · 1984
  2. In Re KruseUnited States Bankruptcy Court, D. Kansas · 1983
  3. In Re LeeUnited States Bankruptcy Court, N.D. Ohio · 1983
  4. Davidson v. First Bank and Trust Co., YaleSupreme Court of Oklahoma · 1976
  5. In Re PreisserUnited States Bankruptcy Court, D. Colorado · 1983

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3Cited by11 opinions

  1. Central Washington Bank v. Mendelson-Zeller, Inc.Washington Supreme Court · 1989
  2. Farmers & Merchants National Bank v. Sooner Cooperative, Inc.Supreme Court of Oklahoma · 1988
  3. First National Bank of Bethany, a National Banking Association v. American General Fire and Casualty Company, a Texas Insurance CorporationCourt of Appeals for the First Circuit · 1991
  4. Armstrong v. Dakota Western Bank of Bowman (In Re Arithson)United States Bankruptcy Court, D. North Dakota · 1994
  5. Bank of Oklahoma, N.A. v. Islands Marina, Ltd.Court of Appeals for the Tenth Circuit · 1990

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