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Secured Transactions Keyed to Lopucki
Stockman Bank of Montana v. Mon-Kota, Inc.
Citation:180 P.3d 1125 (Mont. 2008)
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- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
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- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
- Brief Facts: A Synopsis of the Facts of the case.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Stockman Bank served as the primary lender for Hardy Farm, Inc. for the 2002 growing season, lending Hardy Farm approximately $5.4 million. Pursuant to the relevant security agreements between Stockman Bank and Hardy Farm, Stockman Bank took a security interest in certain of Hardy Farm’s personal property, including its crops and crop revenues to secure repayment of said loans. Stockman Bank perfected a security interest in the personal property by filing the appropriate financing statements. During the 2002 growing season, AGSCO sold Hardy Farm roughly $500,000 in agricultural chemicals and services using a line of credit approved by Capital Harvest. On October 29, 2002, Capital Harvest filed an agricultural lien with the office of the Montana Secretary of State for the agricultural chemicals furnished.
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