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BOONE STATE BANK & TRUST v. WESTFIELD INS. CO.

No. 64723.

298 N.W.2d 315 (1980)

BOONE STATE BANK AND TRUST CO., Plaintiff, v. WESTFIELD INSURANCE CO., Defendant, Iowa Automobile Dealers Association, Amicus Curiae.

Supreme Court of Iowa.

November 12, 1980.

Attorney(s) appearing for the Case

Dick L. Jensen of Dreher, Wilson, Adams, Jensen, Sayre & Gribble, Des Moines, for plaintiff.

Harry Watts and F. Richard Lyford of Dickinson, Throckmorton, Parker, Mannheimer & Raife, Des Moines, for defendant.

W. Don Brittin of Nyemaster, Goode, McLaughlin, Emery & O'Brien, Des Moines, for amicus curiae.

Considered by LeGRAND, P. J., and UHLENHOPP, HARRIS, McCORMICK and McGIVERIN, JJ.

McCORMICK, Justice.

The United States District Court, Southern District of Iowa, Central Division, has certified to us a question concerning the coverage of motor vehicle dealer's surety bonds furnished to the State of Iowa pursuant to section 322.4(7), The Code 1973 and 1975. The question is whether a motor vehicle dealer's floor plan financier can recover on the statutory bond for certain enumerated acts or omissions of the dealer. Because we hold that the bond...

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