S & H Packing & Sales Co. v. Tanimura Distributing, Inc.
Court of Appeals for the Ninth Circuit
1Opinion of the Court
Dissent by Judge Ikuta
OPINION
GOULD, Circuit Judge:
Appellant produce growers (“Growers”)1 sold their perishable agricultural products on credit to a distributor, Tanimura Distributing, Inc. (“Tanimura”). Under the Perishable Agricultural Commodities Act (“PACA”), 7 U.S.C. §§ 499a-499s, this arrangement made Tanimura a trustee over a PACA trust holding the perishable products and any resulting proceeds for Growers as PACA-trust beneficiaries. Tanimura sold the agricultural products on credit to third parties. It then transferred the resulting accounts receivable to Appellee AgriCap Financial…
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