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DONALD NEWBY FARMS, INC. v. STOLL

No. 94-922.

543 N.W.2d 289 (1995)

DONALD NEWBY FARMS, INC., An Iowa Corporation, Plaintiff-Appellee, v. Donald Eugene STOLL, Daniel Lee Stoll, and Jacqueline Lee Stueck, Defendants-Appellants, and Roy E. Stoll and Chloris Stoll, Defendants.

Court of Appeals of Iowa.

November 27, 1995.

Attorney(s) appearing for the Case

William B. Serangeli of Smith, Schneider, Stiles, Hudson, Serangeli, Mallaney, Shindler & Scalise, P.C., Des Moines, for appellants.

Ed Skinner and Larry G. Wilson of Skinner, Beattie & Wilson, P.C., Altoona, for appellee.

Heard by SACKETT, P.J., and HABHAB and HUITINK, JJ.

HABHAB, Judge.

On January 5, 1968, the parents of Roy and Lee Stoll gifted to them four parcels of farmland, known as parcels A, B, C, and D. At the time, Lee was married to Laverne and Roy was married to Chloris. The brothers entered into a business known as "The Stoll Brothers Cattle Operation." Throughout the ensuing years the brothers secured loans against the property which were released as paid.

On May 9, 1974, Laverne filed for a divorce from Lee. They...

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