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CENTRAL STATES RESOURCES v. FIRST NAT.

No. S-90-1124.

501 N.W.2d 271 (1993)

243 Neb. 538

CENTRAL STATES RESOURCES, CORP., An Iowa Corporation, Appellant, v. FIRST NATIONAL BANK IN MORRILL, NEBRASKA, Appellee.

Supreme Court of Nebraska.

June 4, 1993.

Attorney(s) appearing for the Case

Paul A. Zoss, of Adams, Howe & Zoss, P.C., Des Moines, IA, for appellant.

Richard A. Douglas, of Nichols, Douglas and Kelly, P.C., Scottsbluff, for appellee.

HASTINGS, C.J., and BOSLAUGH, WHITE, CAPORALE, SHANAHAN, FAHRNBRUCH, and LANPHIER, JJ.

HASTINGS, Chief Justice.

Central States Resources, Corp. (Central States), appeals the judgment dismissing its cause of action as to count VII entered by the district court following a bifurcated trial on the applicability of the statute of limitations.

On January 5, 1983, the Bank of Gering (Gering) purchased from Minatare State Bank (Minatare) a $227,000 participation in loans of $327,300 which were made by Minatare to Harlan Deines on January 4, 1983. A...

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