Bakee Production Credit Ass'n v. Long Creek Meat Co.

McAllister, j.

This is an action for conversion of collateral, and proceeds of collateral, in which plaintiff claims an interest by virtue of a security agreement. The collateral consisted of livestock which had been owned by Deer Creek Cattle Feeders (“Cattle Feeders”), a partnership. The defendants in this action are Long Creek Meat Company (“Meat Company”), a corporation which purchased Cattle Feeders’ cattle for slaughter, Coast Packing Company, a corporation which purchased carcasses from Meat Company, and the First State Bank of Oregon, which extended credit to Meat Company. The case was…