Mony Life Insurance v. Cissne Family, L.L.C.
Court of Appeals of Washington
1Opinion of the CourtBrown, J.
¶1 Fin-Ag, Inc., a wholly owned subsidiary of CHS, Inc., loaned money to Cisstar, L.L.C.,1 with Cisstar partly pledging its silage inventory as collateral. For still disputed reasons, Grayhawk Farms, L.L.C., assumed Cis-star’s contract with National Foods to buy product for silage. Fin-Ag notified Grayhawk’s buyers of its security interest. When named as a codefendant in this litigation, Fin-Ag, naming Grayhawk, successfully requested the appointment of a receiver for the silage over Grayhawk’s non-party objection. Further, the court approved the receiver’s compensation over Grayhawk’s…
2Cases cited10 opinions
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