EMMET COUNTY STATE BANK v. REUTTER

No. 88-1161.

439 N.W.2d 651 (1989)

EMMET COUNTY STATE BANK, Appellee, v. Robert D. REUTTER and Janice I. Reutter, Appellants.

Supreme Court of Iowa.

April 19, 1989.


Attorney(s) appearing for the Case

Michael R. Bovee of Greer, Montgomery, Barry & Bovee, Spencer, for appellants.

Joseph L. Fitzgibbons and Harold W. White of Fitzgibbons Bros., Estherville, for appellee.

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


LAVORATO, Justice.

In 1985 the Iowa legislature amended Iowa Code section 524.910, which pertains to agricultural land acquired by a state bank in satisfaction of a debt previously contracted. According to the amendment, before the bank may sell such land, it must first offer the prior owner an opportunity to repurchase the land on the terms the bank proposes to sell it. The issue we are to decide is whether the amendment applies to such land that was acquired by...

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