First Security Bank of Utah v. Utah Turkey Growers, Inc.

HALL, Justice:

Plaintiff appeals from the dismissal of its action for recovery of funds allegedly due under a security agreement.

Defendant is an agricultural marketing cooperative operating in Utah, which processes and sells turkeys raised by its member growers. It has operated on a nonprofit basis since 1971. On a yearly basis, defendant takes the live turkeys grown by its members, pools them into a common flock, slaughters, dresses, and freezes them, and then sells them to a national marketing cooperative known as Nor-best Turkeys. Norbest makes cash pay*330ments for the birds delivered, which…