State Bank of Cherry v. CGB Enterprises, Inc.

Illinois Supreme Court
Civil Court
Citation
Case Number: 
2013 IL 113836
Decision Date: 
February 22, 2013
District: 
3d Dist.
Division/County: 
LaSalle Co.
Justice: 
GARMAN
Holding: 
Appellate court affirmed.
A secured party must strictly comply with the direct notice provisions of 7 U.S.C. sec. 1630(e)(1)(A), the Food Security Act, to sufficiently notify a buyer of the secured party's security interest. Notices which omit the county in which the secured property was located are insufficient under the direct notice provision of the Act. (KILBRIDE, THOMAS, KARMEIER, and THEIS, concurring; FREEMAN and BURKE, concurring.)