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NIEDERMIER v. CENTRAL PRODUCTION CREDIT

No. 89-100.

777 S.W.2d 210 (1989)

300 Ark. 116

Ray NIEDERMIER and Planters and Stockman Bank, Appellants, v. CENTRAL PRODUCTION CREDIT ASSOCIATION, Appellee.

Supreme Court of Arkansas.

October 2, 1989.

Attorney(s) appearing for the Case

Murrey L. Grider, Pocahontas, for appellants.

Barrett, Wheatley, Smith & Deacon, Jonesboro, for appellee.

HAYS, Justice.

This case involves the interpretation of Ark.Code Ann. § 4-9-312 (1987). The issue is a priority dispute between the secured creditors of appellant Ray Niedermeier. The appellee, Central Production Credit Association (CPCA), contends it has priority to Niedermeir's 1986 rice crop proceeds under Ark.Code Ann. § 4-9-312(5) (1987) and the appellant, Planters & Stockman Bank (PSB), contends it has priority under Ark.Code Ann. § 4-9-312...

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