Fordyce Bank & Trust Co. v. Bean Timberland, Inc.

Tom Glaze, Justice.

This appeal requires our court to determine whether appellees Potlatch Corp. (“Potlatch”) and Idaho Timber Corp. (“Idaho”) are buyers in the ordinary course ofbusiness under the Uniform Commercial Code (“UCC”). See Ark. Code Ann. § 4-9-320 (Repl. 2001).

The appellant in this case, Fordyce Bank & Trust Co. (“Fordyce” or “the Bank”), issued several loans to appellee Bean Timberland (“Bean”) so that Bean could purchase timber from various landowners. Bean gave the Bank security interests in the purchased timber, and the proceeds from the sale of the timber were intended to…