Rolling Plains Production Credit Ass'n v. Cook

RHESA HAWKINS BARKSDALE, Circuit Judge:

The district court having affirmed the bankruptcy court’s rejection of the. objections by Rolling Plains Production Credit Association (PCA) to the discharge of David W. and Angelyn S. Cook, and the dischargeability of their debt to PCA, primarily at issue is whether, for federal crop insurance proceeds, Texas secured transaction law is preempted by federal law. We AFFIRM in Part; REVERSE in Part; VACATE in Part; and REMAND.

I

The Cooks’ indebtedness to PCA under promissory notes, which matured in March 1996, was secured through a security agreement. Anong…