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TEXTRON FINANCIAL CORP. v. KRUGER

No. 94-2132.

545 N.W.2d 880 (1996)

TEXTRON FINANCIAL CORPORATION, Plaintiff-Appellant, v. Seth KRUGER, Jerome O. Olson and, Ione J. Olson, Defendants-Appellees.

Court of Appeals of Iowa.

February 2, 1996.

Attorney(s) appearing for the Case

Daniel E. DeKoter of Corcoran, Skiver, Zito, DeKoter & Thole, P.L.C., Sibley for appellant.

James L. Kramer of Johnson, Erb, Bice & Carlson, P.C., Fort Dodge, for appellees.

Heard by HAYDEN, P.J., and CADY, and HUITINK, JJ.

CADY, Judge.

Textron Financial Corporation appeals a district court's order holding Jerome and Ione Olson did not receive title to certain farmland through fraudulent conveyance. We reverse and remand to the district court.

Seth Kruger owned a piano business in Willmar, Minnesota called Kruger Keyboard Centers, Inc. Textron Financial Corporation provided the floor plan financing for the business and financed part of Kruger's inventory. Jerome Olson, a close...

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