FIRST SEC. BANK v. UTAH TURKEY GROWERS, INC.

No. 16354.

610 P.2d 329 (1980)

FIRST SECURITY BANK OF UTAH, a National Association, Plaintiff and Appellant, v. UTAH TURKEY GROWERS, INC., a Utah Corporation, Defendant and Respondent.

Supreme Court of Utah.

March 21, 1980.


Attorney(s) appearing for the Case

Don B. Allen & James L. Wilde of Ray, Quinney & Nebeker, Salt Lake City, for plaintiff and appellant.

Tex R. Olsen of Olsen & Chamberlain, Richfield, for defendant and respondent.


HALL, Justice:

Plaintiff appeals from the dismissal of its action for recovery of funds allegedly due under a security agreement.

Defendant is an agricultural marketing cooperative operating in Utah, which processes and sells turkeys raised by its member growers. It has operated on a nonprofit basis since 1971. On a yearly basis, defendant takes the live turkeys grown by its members, pools them into a common flock, slaughters, dresses, and freezes them, and...

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