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BLACK v. FIRST INTERSTATE BANK

No. 88-531.

439 N.W.2d 647 (1989)

Dean A. BLACK and Jackie S. Black, Appellants, v. FIRST INTERSTATE BANK OF FORT DODGE, IOWA, Defendant, John H. Banwell, Beth Banwell and Margaret Banwell, Appellees.

Supreme Court of Iowa.

April 19, 1989.

Attorney(s) appearing for the Case

James A. Pugh and Bradley R. Peyton of Morain, Burlingame, Pugh, Juhl & Peyton, West Des Moines, for appellants.

Whitley M. Hemingway, Webster City, M. Gene Blackburn and Jeane W. Pearson, Fort Dodge, for appellees.

Considered by McGIVERIN, C.J., and LARSON, SCHULTZ, LAVORATO and ANDREASEN, JJ.

McGIVERIN, Chief Justice.

Plaintiffs Dean and Jackie Black filed this declaratory judgment action to determine whether the opportunity to repurchase embodied in Iowa Code section 524.910(2) (1987) may be assigned. The district court determined that the opportunity to repurchase was assignable by defendants John and Beth Banwell to John's sister, defendant Margaret Banwell. Plaintiffs appeal. We affirm.

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