FARMERS & MERCHANTS NAT. v. SOONER CO-OP.

No. 64329.

766 P.2d 325 (1988)

FARMERS AND MERCHANTS NATIONAL BANK, FAIRVIEW, Oklahoma, Appellee, v. SOONER COOPERATIVE, INC., State Guaranty Bank, Appellants.

Supreme Court of Oklahoma.

November 22, 1988.


Attorney(s) appearing for the Case

Shirley, Stephenson, Shirley & Webber by F. Douglas Shirley, Watonga, for appellants.

Curtis, McCue, Schoeppel & Hallren by James Schoeppel, Fairview, for appellee.


HODGES, Justice.

Two issues are presented on appeal: (1) Does a valid security interest continue in Payment-In-Kind Diversion Program benefits as proceeds of growing crop collateral? (2) Do Payment-In-Kind Diversion Program payments remain identifiable when deposited into debtors' bank account from which a check was issued to retire a loan from another creditor? We answer both questions in the affirmative.

The facts...

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