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FEDERAL LAND BANK OF OMAHA v. ARNOLD

No. 87-1309.

426 N.W.2d 153 (1988)

The FEDERAL LAND BANK OF OMAHA, A Corporation, Appellant, v. Eldon L. ARNOLD, Rhonda J. Arnold, Donald Arnold and Neva Mae Arnold, Defendants, State of Iowa, Intervenor-Appellee.

Supreme Court of Iowa.

June 15, 1988.

Attorney(s) appearing for the Case

John C. Monroe of Lynch, Dallas, Smith & Harman, Cedar Rapids, for appellant.

Diane M. Stahle of Davis, Hockenberg, Wine, Brown, Koehn & Shors, Des Moines, for amicus curiae Mut. Ben. Life Ins. Co.

Thomas J. Miller, Atty. Gen., and Tim Benton, Asst. Atty. Gen., for intervenor-appellee.

Considered by HARRIS, P.J., and SCHULTZ, CARTER, NEUMAN and SNELL, JJ.

NEUMAN, Justice.

On May 25, 1987, the Iowa General Assembly enacted legislation which significantly and retroactively altered the law with respect to the redemption of homesteads situated on agricultural land which has been foreclosed. See 1987 Iowa Acts ch. 142, § 29 (hereinafter the "Act"). This appeal challenges a district court decision which upheld the Act's constitutionality against a claim that three of its subsections violate various provisions...

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