DONIELSON, Judge.
The plaintiff corporation appeals from the district court's decision ruling in favor of the defendant insurer and finding that the insurance policy in question was void ab initio for failure of the plaintiff to satisfy a condition precedent set forth in the policy. We reverse.
Vali-Chek is an Iowa corporation. In 1982 it had three stockholders, all of whom also served as officers. In that year the three stockholders entered into an agreement...
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