Legal Opinion
O'Briant v. Sweetwater Production Credit Ass'n
Court of Appeals of Texas
Decided January 14, 1988No. 11-87-076-CVPublishedCited by 2 opinions
1Opinion of the Court
Opinion
ARNOT, Justice.
The central issue in this case is whether a security interest in the proceeds from a payment-in-kind contract should have been filed in the office of the county clerk or in the office of the Secretary of State.
James Franklin O’Briant owned certain lands located in Fisher County which he had leased to his former son-in-law, James Audus Rowland, Jr., and his grandson, Steven Craig Rowland, for farming purposes. The Rowlands, residents of Fisher County, executed six payment-in-kind (PIK) contracts with Plains Cotton Cooperative Association. In exchange for not planting a…
2Cases cited2 opinions
- In the Matter of Leland G. Schmaling and Mary F. Schmaling, Debtors. Appeal of Esther J. Schmaling, Leland G. Schmaling and Mary F. SchmalingCourt of Appeals for the Seventh Circuit · 1986
- Central National Bank of Sterling v. Donahue (In Re Cordes)United States Bankruptcy Court, N.D. Illinois · 1986
3Cited by2 opinions
- Farmers & Merchants National Bank v. Sooner Cooperative, Inc.Supreme Court of Oklahoma · 1988
- Sweetwater Production Credit Ass'n v. O'BRIANTTexas Supreme Court · 1988