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PRODUCTION CREDIT ASSO. OF MADISON v. NOWATZSKI

No. 76-737.

90 Wis.2d 344 (1979)

280 N.W.2d 118

PRODUCTION CREDIT ASSOCIATION OF MADISON, Plaintiff-Respondent, v. NOWATZSKI, Defendant-Appellant.

Supreme Court of Wisconsin.

Decided June 29, 1979.

Attorney(s) appearing for the Case

For the appellant the cause was submitted on the brief of Frank C. Lisheron, Jr., and Lisheron's Law Offices of Princeton.

For the respondent the cause was submitted on the brief of Robert D. Martin, G. Kimbro Grimmer and Ross & Stevens, S. C., of Madison.

HEFFERNAN, J.

This is an action for conversion brought by Production Credit Association of Madison (PCA), a corporation engaged in making farm loans, against Walter Nowatzski, the transferee of its debtors, Allan R. and Rosalie Hein (the Heins).

On May 6, 1974, the Heins borrowed from PCA for the purchase of cows. The Heins gave PCA a security interest in various personal property, including "[a]ll farm equipment, now owned or hereafter acquired by Debtor...

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