In Rainier National Bank v. Bachmann, the Washington Supreme Court held that payments made to a debtor under the federal Dairy Termination Program were "proceeds" of the collateral at issue in the case under the Uniform Commercial Code ("UCC"). The author examines the relationship between proceeds and the collateral described by parties to a security agreement, concludes that the court improperly applied the UCC in Bachmann, and recommends an approach to evaluating proceeds
Thomas L. Weinberg,
"Whatever Is Received": Evaluating Collateral, Its Disposition, and Proceeds under Article 9 of the Uniform Commercial Code—Rainier National Bank v. Bachmann, 111 Wash. 2d 298, 757 P.2d 979 (1988),
64 Wash. L. Rev.
Available at: https://digitalcommons.law.uw.edu/wlr/vol64/iss3/10