10 S.D. 167 | S.D. | 1897
It is alleged in- the complaint: “That the plaintiff is a corporation duly incorporated under the national banking laws of the United States, and that its place of business is located within the city of Parker, said state of South Dakota. That the defendant is a corporation incorporated, created, and existing under and by virtue of the laws of the state of Minnesota, and that the said defendant, at the times hereinafter mentioned, has done, and at the present time con
The contention that plaintiff* is forbidden by the national banking laws from furnishing seed grain and taking the statutory lien, and therefore its alleged lien is void, cannot be sustained. "We are not aware of any law which prevenís a national bank from selling grain of which it is the owner on credit, and availing itself of the security offered by the state statute. If, however, it be conceded that plaintiff was not authorized to sell seed upon the security of the lien, it does not follow that the lien is void, as the authority of the bank to do so can be questioned only by the federal government. Bank v. Mathews, 98 U. S. 621; Bank v. Whitney, 103 U. S. 99; Fortier v. Bank, 112 U. S. 439, 6 Sup. Ct. 234. If plaintiff complied with the state statute, it is entitled to enforce its lien to the same extent as a natural person. There are, however, defects in the complaint which warranted the circuit court in sustaining the demurrer. It fails to allege when the grain was furnished, and that the notice or account was filed in the office of the register of deeds of the county where the person to whom it was furnished resides. It fails to allege that the account was filed within 30 days after the seed grain was furnished, and that the grain alleged to have been converted was produced from the seed furnished. These, and perhaps other, omitted allegations are material and necessary in stating a cause of action under the statute. Comp. Laws, §§ 5490-5493. The absence of such allegations is not cured by recitals in the notice or account. The statute requires that the notice or account shall contain a description of the land upon which the seed has been or is to be sown. Comp. Laws, § 5492. It should be filed in the manner required by law for filing chattel" mortgages, and operate