State Bank of Piper City v. A-Way, Inc.

The plaintiff, State Bank of Piper City, filed a complaint in the circuit court of Iroquois County against the defendant, A-Way, Inc., to enforce its security interest in grain and the proceeds from sales of grain held by the defendant on account for a debtor of the plaintiff. The circuit court granted the defendant’s motion to dismiss the complaint and denied the plaintiff’s motion to vacate the order of dismissal. On the plaintiff’s appeal, the appellate court reversed and remanded (135 Ill. App. 3d 1010), and we granted the defendant’s petition for leave to appeal (103 Ill. 2d R. 315).

All…