FS CREDIT CORP. v. TROY ELEVATOR, INC.

No. 87-593.

421 N.W.2d 537 (1988)

FS CREDIT CORPORATION, Appellant, v. TROY ELEVATOR, INC., Appellee.

Supreme Court of Iowa.

April 13, 1988.


Attorney(s) appearing for the Case

Allan C. Orsborn of Keith & Orsborn, Ottumwa, for appellant.

John B. Martin of Stephens & Martin, Bloomfield, for appellee.

Considered by McGIVERIN, C.J., and HARRIS, CARTER, LAVORATO, and ANDREASEN, JJ.


LAVORATO, Justice.

In this case, the FS Credit Corporation (FS) sued Troy Elevator, Inc. (Troy) for conversion of a corn crop in which FS allegedly held a security interest. The crop had been sold to Troy by Kenneth Green, a farmer who had been given credit by FS in exchange for a lien on his 1982 corn crop. The security agreement between FS and Green provided that Green was required to obtain consent from FS before selling the crop. As in the previous two years,...

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