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CENTRAL STATES RESOURCES v. LEO TOBIN FARMS, INC.

No. 89-2251.

922 F.2d 490 (1991)

CENTRAL STATES RESOURCES CORP. Successor in Interest to Federal Deposit Insurance Corporation, Appellant, First National Bank of Tekamah v. LEO TOBIN FARMS, INC., Appellee.

United States Court of Appeals, Eighth Circuit.

Decided January 4, 1991.

Attorney(s) appearing for the Case

Paul A. Zoss, Des Moines, Iowa, for appellant.

Michael Helms, Omaha, Neb., for appellee.

Before ARNOLD, JOHN R. GIBSON and WOLLMAN, Circuit Judges.

WOLLMAN, Circuit Judge.

Central States Resources Corp., successor in interest to the Federal Deposit Insurance Corporation (FDIC) and the First National Bank of Tekamah, appeals the district court's1 order affirming the bankruptcy court's2 decision setting aside a promissory note and mortgage executed by Leo Tobin Farms, Inc. (Farms) in favor of the bank. We reverse and remand.

Farms owns one-half of...

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