Security Bank of Pine Island v. Holst

Defendant Walter McFarland appeals from an order denying his motion for judgment notwithstanding the verdict or for a new trial. The court had ordered judgment in favor of plaintiff for conversion of the proceeds of the sale of certain calves. Plaintiff had an unrecorded security interest in the calves of which McFarland had notice. We affirm.

Plaintiff bank loaned defendant Howard Holst money for the purchase of certain calves, taking a chattel mortgage on said calves. That mortgage was not recorded. Defendant McFarland furnished feed for these calves to Holst. Holst arranged the sale of the…