FS Credit Corp. v. Troy Elevator, Inc.

LAVORATO, Justice.

In this case, the FS Credit Corporation (FS) sued Troy Elevator, Inc. (Troy) for conversion of a com crop in which FS allegedly held a security interest. The crop had been sold to Troy by Kenneth Green, a farmer who had been given credit by FS in exchange for a lien on his 1982 com crop. The security agreement between FS and Green provided that Green was required to obtain consent from FS before selling the crop. As in the previous two years, however, Green sold the corn without the consent of FS.

We have already reviewed this dispute in FS Credit Corporation v. Troy…