Legal Opinion
Sweetwater Production Credit Ass'n v. O'BRIANT
Texas Supreme Court
Decided December 14, 1988No. C-7466PublishedCited by 6 opinions
1Opinion of the Court
COOK, Justice.
This case involves the classification of payments to farmers from the federal government’s payment-in-kind (PIK) diversion program and thus the proper place of filing to perfect a security interest in these payments. This is an issue of first impression. The court of appeals classified these payments as general intangibles not arising from or relating to the sale of farm products by a farmer, thereby making the proper place of filing in the office of the secretary of state. 745 S.W.2d 412. We reverse the judgment of the court of appeals and affirm the judgment of the trial court.
2Cases cited12 opinions
- In the Matter of William Guy Munger, Bankrupt. Ernest J. Pombo v. Jack A. Ulrich, TrusteeCourt of Appeals for the Ninth Circuit · 1974
- 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
- First State Bank of Abernathy v. Holder (In Re Nivens)United States Bankruptcy Court, N.D. Texas · 1982
- In Re LeeUnited States Bankruptcy Court, N.D. Ohio · 1983
- McLemore v. Mid-South Agri-Chemical Corp. (In Re Judkins)United States Bankruptcy Court, M.D. Tennessee · 1984
7 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- PHI Financial Services, Inc. v. Johnston Law Office, P.C.North Dakota Supreme Court · 2016
- Rolling Plains Production Credit Ass'n v. CookCourt of Appeals for the Fifth Circuit · 1999
- Burgess v. SikesCourt of Appeals for the Fifth Circuit · 2006
- Burgess v. SikesCourt of Appeals for the Fifth Circuit · 2006
- PHI Financial Services, Inc. v. Johnston Law Office, P.C.North Dakota Supreme Court · 2016
1 more not listed; retrieve them via the Exa API.