KEWANEE PROD. CR. ASS'N v. G. LARSON & SONS FARMS, INC.

No. 3-85-0758.

146 Ill. App.3d 301 (1986)

496 N.E.2d 531

KEWANEE PRODUCTION CREDIT ASSOCIATION, Plaintiff-Appellee, v. G. LARSON & SONS FARMS, INC., a/k/a George Larson & Sons Farms, Inc., Defendant-Appellant.

Appellate Court of Illinois — Third District.

Opinion filed August 7, 1986.


Attorney(s) appearing for the Case

Robert J. Noe and Richard J. Trinrud, both of Bozeman, Neighbour, Patton & Noe, of Moline, for appellant.

Reynolds M. Everett, Jr., and Keith A. Luymes, both of Everett & Young, P.C., of Galva, for appellee.


Order affirmed.

JUSTICE BARRY delivered the opinion of the court:

It appears that G. Larson & Sons Farms, Inc. (Larson), a family-owned farming corporation, executed various promissory notes in favor of the Kewanee Protection Credit Association (PCA) for loans which were secured by various farm assets, including the corporation's crops, livestock, stored grain and feed, and certain farming equipment. By November 1981, Larson was in default on its loans...

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