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AMERICAN FALLS C. SEC. v. AMERICAN S&L

Nos. 860321, 880241.

775 P.2d 412 (1989)

AMERICAN FALLS CANAL SECURITIES COMPANY, a Utah corporation, Plaintiff and Appellee, v. AMERICAN SAVINGS AND LOAN ASSOCIATION, a Utah Chartered Savings & Loan Association, et al., Defendants and Appellants.

Supreme Court of Utah.

May 30, 1989.

Attorney(s) appearing for the Case

Ted Boyer and Edwin C. Barnes, Salt Lake City, for plaintiff and appellee.

Harold A. Hintze and Jeffrey Hill, Provo, for defendants and appellants.

HALL, Chief Justice:

Defendant American Savings and Loan Association ("American Savings") appeals the judgment of the district court which awarded to plaintiff American Falls Canal Securities Company ("American Falls") the proceeds of a foreclosure sale determined to be in excess of the obligation secured by a trust deed. American Savings advances on appeal the same principal arguments presented to the trial court, namely, that there were no proceeds generated at...

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