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WEST DES MOINES STATE BANK v. BRUNSWICK

No. 91-284.

483 N.W.2d 338 (1992)

WEST DES MOINES STATE BANK, Plaintiff-Appellee, v. BRUNSWICK CORPORATION, Defendant-Appellant. BRUNSWICK CORPORATION, Counterclaim Plaintiff-Appellant, v. WEST DES MOINES STATE BANK, Counterclaim Defendant-Appellee.

Court of Appeals of Iowa.

January 29, 1992.

Attorney(s) appearing for the Case

Diane M. Stahle and Mark D. Walz of Davis, Hockenberg, Wine, Brown, Koehn & Shors, P.C., Des Moines, for appellant.

Gayla R. Harrison, Richard A. Malm, and Charles F. Becker of Dickinson, Throckmorton, Parker, Mannheimer & Raife, P.C., Des Moines, for appellee.

Heard by SCHLEGEL, P.J., and HAYDEN and SACKETT, JJ.

HAYDEN, Judge.

This case arises from the financial failure and bankruptcy of two related corporations, Des Moines Boating Center, Inc., formerly located in Ankeny, Iowa, and Boatland, Inc., formerly located in Omaha and Lincoln, Nebraska. Both corporations had the same stockholders and officers. Prior to December 1988 both corporations were in the business of retailing boats and motors. For purposes of this appeal the two corporations will be treated as a single entity...

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