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HAGAN v. VAL-HI, INC.

No. 91-63.

484 N.W.2d 173 (1992)

James K. HAGAN and Carol M. Hagan, Appellees, v. VAL-HI, INC. f/k/a LLC Corporation, A Successor in Interest of Liberty Loan Corporation of Ames, Iowa, Appellant.

Supreme Court of Iowa.

April 15, 1992.

Attorney(s) appearing for the Case

Keith Stapleton and Raymond R. Stefani II of Gray, Stefani & Mitvalsky, Cedar Rapids, for appellant.

Peter C. Riley and Nestor Lobodiak of Tom Riley Law Firm, P.C., and David J. Smith of Swift, Mundy & Assoc., Cedar Rapids, for appellees.

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

ANDREASEN, Justice.

The district court found a successor nonresident corporation liable for an unpaid judgment against its predecessor Iowa corporation. The nonresident corporation claims: (1) the trial court did not have personal jurisdiction over it; (2) interest was incorrectly calculated by the court; and (3) the judgment must be limited to the value of the assets transferred by the Iowa corporation to the successor...

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