DEPOSIT GUAR. NAT. BANK v. CENTRAL LA. GRAIN

No. 98-1976.

737 So.2d 167 (1999)

DEPOSIT GUARANTY NATIONAL BANK, Plaintiff-Appellant, v. CENTRAL LOUISIANA GRAIN COOP, INC., Defendant-Appellee.

Court of Appeal of Louisiana, Third Circuit.

May 5, 1999.


Attorney(s) appearing for the Case

Felix J. Bruyninckx, III, Monroe, for Deposit Guaranty National Bank.

Donald Gray Horton, Coushatta, for Central Louisiana Grain Co-op, Inc.

Before PETERS, AMY and GREMILLION, Judges.


AMY, Judge.

The plaintiff bank filed a security agreement noticing third parties that it held a security interest in a corn crop. The defendant grain cooperative sold the crop to a third party and, from the proceeds, paid a harvester and hauler. The plaintiff filed suit asserting the defendant had converted these funds as the bank had filed a security agreement and the harvester and hauler had not filed notice of any privilege. The defendant maintained that there...

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