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DAVIS CTY. SAV. BK v. PROD. CREDIT ASS'N

No. 86-1675.

419 N.W.2d 384 (1988)

DAVIS COUNTY SAVINGS BANK, An Iowa Banking Corporation, Appellee, v. PRODUCTION CREDIT ASSOCIATION OF the MIDLANDS f/d/b/a Ottumwa Production Credit Association, Appellant.

Supreme Court of Iowa.

February 17, 1988.

Attorney(s) appearing for the Case

Randall C. Stravers of Clements, Pothoven, Pabst & Stravers, Oskaloosa, for appellant.

John B. Martin of Stephens & Martin, Bloomfield, for appellee.

Considered by SCHULTZ, P.J., and LAVORATO, NEUMAN, SNELL, and ANDREASEN, JJ.

SCHULTZ, Presiding Justice.

This appeal involves a dispute as to who is entitled to $9713.24 in proceeds received from the public sale of certain farm equipment on December 13, 1982. The proceeds were initially retained by appellant Production Credit Association (PCA) by stipulation with appellee Davis County Savings Bank (bank). The bank brought this action to recover the proceeds and the district court ruled in its favor. Because we believe the district court erred...

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