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FARMERS & MERCHANTS NAT. BANK v. FAIRVIEW STATE BANK

No. 64337.

766 P.2d 330 (1988)

FARMERS AND MERCHANTS NATIONAL BANK, FAIRVIEW, Oklahoma, Appellant, v. FAIRVIEW STATE BANK, FAIRVIEW, Oklahoma, Appellee.

Supreme Court of Oklahoma.

November 22, 1988.

Attorney(s) appearing for the Case

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

Gungoll, Jackson & Collins by Douglas L. Jackson, Enid, for appellee.

HODGES, Justice.

This appeal presents three issues: (1) Has federal law displaced the Oklahoma Uniform Commercial Code in governing the rights of creditors to Payment-In-Kind Diversion Program benefits? (2) Does a financing statement covering "growing crops... and proceeds thereof" reasonably identify Payment-In-Kind Diversion Program benefits as proceeds? (3) Did appellee's security interest in Payment-In-Kind Diversion...

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