In Fordyce Bank v. Bean Timberland, where the bank had a security interest in proceeds from the sale of timber by Bean, the court held that the bank failed to secure its interest in the timber, so it had no claim upon default.

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In Fordyce Bank v. Bean Timberland, the court held that the bank did properly secure its interest in the proceeds from the sale of timber by Bean Timberland, meaning the bank did have a claim to those proceeds upon default.

In Fordyce Bank V