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COACHMEN IND. v. SECURITY TRUST & SAV. BANK

No. 67592.

329 N.W.2d 648 (1983)

COACHMEN INDUSTRIES, INC., Appellant/Cross-Appellee, v. SECURITY TRUST & SAVINGS BANK OF SHENANDOAH, Appellee/Cross-Appellant.

Supreme Court of Iowa.

February 16, 1983.

Attorney(s) appearing for the Case

Scott H. Peters of the Peters Law Firm, P.C., Council Bluffs, for appellant/cross-appellee.

Harold N. Schneebeck, Jr., of Brown, Winick, Graves, Donnelly & Baskerville, Des Moines, for appellee/cross-appellant.

Considered by LeGRAND, P.J., and McCORMICK, McGIVERIN, LARSON, and SCHULTZ, JJ.

McCORMICK, Justice.

This case involves competing claims by creditors of a bankrupt recreational vehicle dealer. Plaintiff Coachmen Industries, Inc., as assignee of the holder of a purchase money security interest, sought to recover proceeds of sale of two recreational vehicles from defendant Security Trust & Savings Bank of Shenandoah, holder of a general security interest. The trial court awarded plaintiff judgment...

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