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ALLISON-KESLEY AG CTR. v. HILDEBRAND

No. 90-1090.

485 N.W.2d 841 (1992)

ALLISON-KESLEY AG CENTER, INC., Plaintiff, v. Scott HILDEBRAND and Hildebrand Brothers Farms, Defendants. ALLISON-KESLEY AG CENTER, INC., Appellant, v. FIRST STATE BANK OF GREENE, Iowa, Defendant, and Farmers Cooperative Elevator Company, Appellee.

Supreme Court of Iowa.

Rehearing Denied June 18, 1992.

Attorney(s) appearing for the Case

Roger L. Sutton of Sutton Law Office, Charles City, for appellee.

Bruce Johnson of Gamble, Riepe, Webster, Davis & Green, Des Moines, for appellant.

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

SNELL, Justice.

The appellee, Farmers Cooperative Elevator Company (hereinafter "Farmers Coop"), seeks further review of a court of appeals decision that reversed a district court decision which found Farmers Coop to be a holder in due course with respect to $218,000 worth of United States government payment-in-kind (PIK) certificates. The appellant, Allison-Kesley Ag Center, Inc., contends that Farmers Coop took possession of the PIK certificates and subsequently...

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