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IN RE BRAZIER FOREST PRODUCTS, INC.

No. 89-35424.

921 F.2d 221 (1990)

In re BRAZIER FOREST PRODUCTS, INC., Brazier Forest Products of Oregon, Inc., Brazier Forest Industries, Inc. ST. PAUL FIRE & MARINE INSURANCE COMPANY, a Minnesota corporation, Appellant, v. FORT VANCOUVER PLYWOOD COMPANY, a Washington corporation, Appellee.

United States Court of Appeals, Ninth Circuit.

Decided December 12, 1990.

Attorney(s) appearing for the Case

Richard L. Lambe, Ulin, Dann & Lambe, Seattle, Wash., for appellant.

Lynn C. Tuttle, Hatch & Leslie, Seattle, Wash., for appellee Rainier Nat. Bank.

Charles J. Pruitt, Spears, Lubersky, Bledsoe, Anderson, Young & Hilliard, Portland, Or., for appellee Fort Vancouver Plywood Co.

Before WRIGHT, POOLE and BRUNETTI, Circuit Judges.

BRUNETTI, Circuit Judge:

Brazier Forest Products, Inc. and Brazier Forest Industries, Inc. ("Brazier") are lumber manufacturers. To finance its operations, Brazier obtained loans from appellee Rainier National Bank ("Rainier"), and gave Rainier security interests in its accounts receivable.

The United States Forest Service ("USFS") owned the land on which Brazier acquired timber cutting rights. Brazier paid the USFS a set amount for the timber it cut on Forest...

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