Border State Bank of Greenbush v. Bagley Livestock Exchange, Inc.

OPINION

LANSING, Judge.

This action arises from a dispute over the enforceability of a security interest and the interpretation of the cattle-sharing agreement that underlies the security interest. The district court, apparently relying on an incorrect argument that an ownership interest was necessary for the security interest to attach, made no findings on the disputed provisions of the agreement. We therefore reverse the district court’s order directing a verdict against the bank, which attempted to enforce the security interest in a conversion claim, and remand for the court to address the…