GETZ v. CENTRAL NAT'L. BK.

No. 469A65.

147 Ind. App. 356 (1970)

261 N.E.2d 81

GETZ v. CENTRAL NATIONAL BANK ET AL.

Court of Appeals of Indiana.

Rehearing denied September 28, 1970.

Transfer denied February 1, 1971.


Attorney(s) appearing for the Case

Alan H. Lobley, Ice Miller Donadio & Ryan, of counsel, of Indianapolis, for appellants.

John A. Kendall, Kendall, Stevenson & Lewis, of Danville, Jerry P. Belknap, Barnes, Hickam, Pantzer & Boyd, of counsel, of Indianapolis, for appellee, Central National Bank of Greencastle.


HOFFMAN, P.J.

Plaintiffs-appellants appeal from a judgment entered by the trial court for one of the defendants, Central National Bank of Greencastle, on its counterclaim in plaintiffs' action for declaratory judgment.

The issue presented by this appeal is as follows: Does a bank which loans money to persons for investment in a cattle feeding corporation, and then acts as escrow agent for income and disbursements to the corporation and the investors, become...

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