HOUGHTON STATE BANK v. PETERSON

No. 90-1803.

477 N.W.2d 94 (1991)

HOUGHTON STATE BANK, Appellant, v. C. Marvin PETERSON, Deloris J. Peterson, and Farm Credit Bank of Omaha, Appellees.

Supreme Court of Iowa.

November 20, 1991.


Attorney(s) appearing for the Case

Jack E. Reusch of Telpner, Smith, Sawatzke & Ruesch, Council Bluffs, for appellant.

C.R. Hannan of Perkins, Sacks, Hannan, Reilly and Petersen, Council Bluffs, for appellees Peterson.

Steven H. Krohn of Smith, Peterson, Beckman & Willson, Council Bluffs, for appellee Farm Credit Bank of Omaha.

Considered by McGIVERIN, C.J., and HARRIS, CARTER, NEUMAN, and ANDREASEN, JJ.


NEUMAN, Justice.

Houghton State Bank, the plaintiff, has appealed a court order that quashed a general execution on real estate owned by defendants Marvin and Deloris Peterson. The narrow issue is whether the court erred by applying Iowa Code section 615.3 (1989) to prevent the bank's enforcement of a judgment beyond the statute's two-year limitation. Finding no error, we affirm.

The facts are undisputed. In 1985 the bank lent operating capital to the Petersons...

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