Legal Opinion
First National Bank of Omaha v. Pleasant Hollow Farm, Inc.
South Dakota Supreme Court
Decided May 10, 1995No. 18751, 18752PublishedCited by 12 opinions
1Opinion of the Court
MILLER, Chief Justice.
Appellants SVO Specialty Products, Inc. (SVO), Ceres, Inc. and Horace Seixas appeal the trial court’s grant of summary judgment to Appellee First National Bank of Omaha (Bank). The central issue on appeal is appellants’ assertion that Bank’s perfected security interest is ineffective against their claimed superior ownership interests in certain crops. We affirm.
FACTS
In January, 1991, Ceres, which acts as the agent of Seixas, contracted with Sigco Research Inc. to produce a crop of high oleic sunflowers. Sigco entered into this contract for the benefit of SVO, a company…
2Cases cited5 opinions
- James Talcott, Inc. v. Franklin Nat. Bank of Mpls.Supreme Court of Minnesota · 1972
- In the Matter of Pubs, Inc. Of Champaign, Bankrupt. Appeal of Bank of Illinois in Champaign, ReclamationCourt of Appeals for the Seventh Circuit · 1980
- In Re the Proceedings for Deposit in the Court of Monies and/or Trust Assets of the Equivalent Value of Approximately $45,877.68South Dakota Supreme Court · 1987
- Brown v. United States Ex Rel. Farmers Home Administration of the Department of AgricultureDistrict Court, D. South Dakota · 1985
- Pleasant View Farms, Inc. v. NessSouth Dakota Supreme Court · 1990
3Cited by12 opinions
- First National Bank of Philip v. TempleSouth Dakota Supreme Court · 2002
- American Bank & Trust v. ShaullSouth Dakota Supreme Court · 2004
- Continental Grain Co. v. BrandenburgSouth Dakota Supreme Court · 1998
- In Re Wl Homes, LLCUnited States Bankruptcy Court, D. Delaware · 2011
- Jerke Construction, Inc. v. Home Federal Savings BankSouth Dakota Supreme Court · 2005
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