Legal Opinion
Farmers & Merchants State Bank v. Teveldal
South Dakota Supreme Court
Decided December 7, 1994No. 18547PublishedCited by 18 opinions
1Opinion of the Court
SABERS, Justice.
Bank and feed supplier claim priority in competing security interests in hogs owned by farmer and the proceeds therefrom. Feed supplier appeals summary judgment in favor of Bank. We affirm.
FACTS
Farmers & Merchants State Bank (Bank) and Kevin Teveldal d/b/a Kevin’s Livestock Management Service (Teveldal) claim priority of competing security interests in hogs owned by Gary Haiar (Haiar) and in the proceeds of sale. On January 7, 1991, Bank filed a financing statement with the South Dakota Secretary of State and perfected a security interest in Haiar’s farm products, including…
2Cases cited8 opinions
- Lamp v. First National Bank of GarretsonSouth Dakota Supreme Court · 1993
- Mooney's, Inc. v. South Dakota Department of TransportationSouth Dakota Supreme Court · 1992
- Lisco State Bank v. McCombs Ranches, Inc.District Court, D. Nebraska · 1990
- Sanborn County Bank, Inc. v. Magness Livestock Exchange, Inc.South Dakota Supreme Court · 1987
- First Bank v. Eastern Livestock Co.District Court, S.D. Mississippi · 1993
3 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Grand State Property, Inc. v. Woods, Fuller, Shultz, & Smith, P.C.South Dakota Supreme Court · 1996
- Bruske v. HilleSouth Dakota Supreme Court · 1997
- Battle Creek State Bank v. PreuskerNebraska Supreme Court · 1997
- Fin-Ag, Inc. v. Pipestone Livestock Auction Market, Inc.South Dakota Supreme Court · 2008
- Elrod v. General Casualty Co. of WisconsinSouth Dakota Supreme Court · 1997
13 more not listed; retrieve them via the Exa API.