Bank of Landisburg v. Burruss

BECK, Judge:

The issue is whether a corporation or its officers are liable for conversion when they sell a farmer’s cattle and pay the proceeds of the sale to the farmer where the cattle are subject to a third party’s security interest.

This is an appeal by Shady Lane Dairy Sales, Inc. (“Shady Lane”), a family-owned corporation engaged in livestock auctioneering, and by its president Glenn D. Fite, from a grant of summary judgment. We affirm summary judgment against both Glenn D. Fite and Shady Lane.

I. FACTUAL BACKGROUND

The Bank of Landisburg lent $46,925 for the purchase of 34 head of cattle…