Legal Opinion
Bank of Stockton v. Diamond Walnut Growers, Inc.
California Court of Appeal
Decided March 2, 1988No. C000159PublishedCited by 5 opinions
1Opinion of the Court
Opinion
BLEASE, Acting P. J.
This is an appeal from a judgment declaring the priority between two creditors holding security interests, governed by the California Uniform Commercial Code, 1 arising from loans involving a walnut crop. Diamond Walnut Growers, Inc. (Diamond), an agricultural marketing association, made loans to one of its members, Bella-Farms Partnership (Bella-Farms), secured by Bella-Farms’s share of the funds, called “member proceeds,” to be received from the sale by Diamond of its 1983 walnut crop. The Bank of Stockton (Bank) also made a loan to Bella-Farms secured by the 1983…
2Cases cited7 opinions
- Parsons v. Bristol Development Co.California Supreme Court · 1965
- Cissell v. First Nat. Bank of CincinnatiDistrict Court, S.D. Ohio · 1979
- Crosby v. Fresno Fruit Growers' Co.California Court of Appeal · 1916
- IMPERIAL NH3 v. Central Valley Feed Yards, Inc.California Court of Appeal · 1977
- Weld Colorado Bank v. E & E Construction, Inc.Colorado Court of Appeals · 1982
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3Cited by5 opinions
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- Blackjewel L.L.C. and Lone Mountain Processing, LLCUnited States Bankruptcy Court, S.D. West Virginia · 2020
- GRE Insurance Group v. ReedCourt of Appeals of Tennessee · 1999