One of the most misunderstood and hotly contested areas of litigation under the Perishable Agricultural Commodities Act (the PACA) involves balancing the rights of a secured lender against an unpaid PACA trust beneficiary.
To shed some light on this topic, I recently published a white paper that highlights critical information banks, as a matter of law, are deemed to know and to have “considered in connection with their lending practices.”
Here is a link to my white paper: Secured Lending in the Produce Industry
I hope you find it helpful!