VAN HOSEN v. BANKERS TRUST COMPANY

No. 55046.

200 N.W.2d 504 (1972)

Hugh VAN HOSEN, Appellee, v. BANKERS TRUST COMPANY and Bankers Trust Company, Trustee under certain Pension Plan and Trust Agreements with Bankers Trust Company, Appellants.

Supreme Court of Iowa.

September 19, 1972.


Attorney(s) appearing for the Case

Robert A. Gamble, of Gamble, Riepe, Martin, Webster & Fletcher, Des Moines, for appellants.

Samuel G. O'Brien and Don Muyskens, of Nyemaster, Goode, McLaughlin, Emery & O'Brien, Des Moines, for appellee.


RAWLINGS, Justice.

By action in equity plaintiff Hugh Van Hosen seeks declaratory relief from the forfeiture provision of a private pension plan established by defendant Bankers Trust Company and administered by it as trustee. Trial court adjudged the controverted proviso violative of public policy, therefore void and unenforceable. Defendants appeal. We affirm.

Van Hosen worked for defendant bank almost 33 years prior to his resignation in 1967. Starting...

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