BRISCOE, J.:
United Cooperatives, the plaintiff, appeals a judgment which held its claim to defendant Libel Oil's accounts receivable to be subordinate to the security interest of Valley State Bank, the intervenor.
Libel Oil borrowed $115,000 from Valley State Bank in June, 1980. The parties signed a security agreement giving the Bank a security interest in "All Accounts Receivable now owned or hereafter acquired."
The Bank filed a financing statement...
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