STATE SAV. BANK v. ALLIS-CHALMERS CORP.

No. 87-961.

431 N.W.2d 383 (1988)

STATE SAVINGS BANK, Plaintiff-Appellee, v. ALLIS-CHALMERS CORPORATION, Allis-Chalmers Credit Corporation, and Howard L. Morrow, Defendants-Appellants.

Court of Appeals of Iowa.

August 24, 1988.


Attorney(s) appearing for the Case

Deborah Tharnish Craig and Donald A. Wine of Davis, Hockenberg, Wine, Brown, Koehn & Shors, Des Moines, for defendants-appellants.

Gerald J. Newbrough and John F. Lorentzen of Nyemaster, Goode, McLaughlin, Emery & O'Brien, Des Moines, for plaintiff-appellee.

Heard by DONIELSON, P.J., and HAYDEN and HABHAB, JJ.


HAYDEN, Judge.

State Savings Bank of Bedford and Allis-Chalmers (AC), now Deutz-Allis, acting as AC's corporate successor, both claimed security interests in an implement dealership's parts inventory. When the dealership was sold, a dispute arose between the bank and the manufacturer over entitlement to the proceeds from the sale of the dealership's parts inventory. The bank sued AC, its creditor corporation, and one of its employees. The bank recovered judgment for...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases