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J & M CATTLE CO., LLC v. FARMERS NAT. BANK

No. 41023.

330 P.3d 1048 (2014)

156 Idaho 690

J & M CATTLE COMPANY, LLC, an Idaho limited liability company, Plaintiff-Counterdefendant-Respondent, v. FARMERS NATIONAL BANK, Defendant-Counterclaimant-Appellant, and John Does 1-10, Defendants.

Supreme Court of Idaho, Twin Falls, June 2014 Term.

August 1, 2014.

Attorney(s) appearing for the Case

Coleman, Ritchie & Cluff, Twin Falls, attorneys for appellant. John Ritchie argued.

Cosho Humphrey, LLP, Boise, attorneys for respondent. David M. Penny argued.

W. JONES, Justice.

This appeal arises from the sale of dairy cattle subject to Appellant Farmers National Bank's (FNB) perfected security interest and Respondent J & M Cattle Company's (J & M) agister's lien. The net sale proceeds received from the sale of the dairy cattle are insufficient to satisfy both FNB's perfected security interest and J & M's agister's lien. J & M filed an action for declaratory relief...

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