Hedrick Savings Bank v. Myers

LeGRAND, Justice.

This appeal raises questions concerning plaintiff’s lien upon certain livestock purchased by defendants at five separate auction sales. The trial court found for defendants and we affirm.

Plaintiff’s claim arises out of its financial dealings with Dallas Eckley, a livestock and grain farmer, extending from 1966 to 1970. Plaintiff lent Eckley money from time to time, secured by financing statements and security instruments on Eckley’s livestock and other personal property.

At the time in question, the security pledged included “all equipment, all farm products, including but not…