Legal Opinion
United States Fidelity & Guaranty Co. v. Louisiana Department of Agriculture (In re Caldwell Port Elevator Co.)
District Court, W.D. Louisiana
Decided December 22, 1982No. Bankruptcy No. 582-00088-M; Adv. No. 582-0093-MPublishedCited by 1 opinion
1Opinion of the Court
FINDINGS OF FACT
LeROY SMALLENBERGER, Bankruptcy Judge.
Caldwell Port Elevator Company, Inc. (Caldwell), debtor herein, sought relief under Chapter 11 of Title 11 of the United States Code. Caldwell was in the business of storing or purchasing agricultural commodities (‘grain’ shall be used for brevity).
As required by Louisiana law, Caldwell procured two bonds to protect its clients. The first bond protects those producers of grain who store their grain with Caldwell; the warehouse bond. This bond is in the amount of $100,000.00 and is in favor of the Louisiana State Warehouse Commission.
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2Cases cited7 opinions
- Richard Boudreaux v. Pat Puckett, D/B/A Pat Puckett Auto Sales, Western Surety Co.Court of Appeals for the Fifth Circuit · 1980
- Miller v. BonnerSupreme Court of Louisiana · 1926
- Construction Materials, Inc. v. American Fidelity Fire Ins. Co.Supreme Court of Louisiana · 1980
- LOUISIANA B. & T. CO., CROWLEY v. Roanoke Rice Co-Op.Louisiana Court of Appeal · 1974
- Union Homestead Ass'n v. MontegutSupreme Court of Louisiana · 1929
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3Cited by1 opinion
- North Dakota Public Service Commission v. Valley Farmers Bean Ass'nNorth Dakota Supreme Court · 1985