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BELGRADE STATE BANK v. ELDER

No. 11858.

482 P.2d 135 (1971)

BELGRADE STATE BANK, a Banking Corporation, Plaintiff and Appellant, v. George ELDER, d/b/a Elder Logging Co., and d/b/a Elder Bros. Logging Company, 3-D Lumber Company, Skagit Equipment Company, and Western Construction Equipment Company, a Division of Harold M. Doolen & sons, Inc., a Montana Corporation, Defendants and Respondents.

Supreme Court of Montana.

Decided March 8, 1971.

Attorney(s) appearing for the Case

Thomas E. Towe and Gerald Neely (argued), Billings, for plaintiff-appellant.

Crowley, Kilbourne, Haughey, Hanson & Gallagher, Billings, Corette, Smith & Dean, Kendrick Smith (argued), Butte, Douglas R. Drysdale (argued) Drysdale & McLean, Berg, O'Connell, Angel & Andriolo, Charles F. Angel (argued), Bozeman, for defendants-respondents.

CASTLES, Justice.

This is an appeal from a summary judgment entered by the district court in Gallatin County. A motion to dismiss the appeal as well as the merits of the appeal were argued the same day.

Belgrade State Bank, appellant here, loaned money to George Elder. Elder was a logger. Elder signed several promissory notes in 1964 and 1965. The notes were secured by a security agreement entitled "Security Agreement (Farm Products and Equipment)" covering...

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