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SECURITY STATE BANK v. ZIEGELDORF

No. 95-774.

554 N.W.2d 884 (1996)

SECURITY STATE BANK, HARTLEY, IOWA, Appellant, v. Genevieve H. McDowell ZIEGELDORF, Appellee. SECURITY STATE BANK, LAKE PARK, IOWA, Appellant, v. Allen ARNOLD and Genevieve H. McDowell Ziegeldorf, Appellees.

Supreme Court of Iowa.

October 23, 1996.

Attorney(s) appearing for the Case

Arthur F. Owens and James W. O'Brien of Dickinson, Mackaman, Tyler & Hagen, P.C., Des Moines, for appellants.

Michael Zenor of Zenor & Carr, Spencer, for appellee Arnold.

Peter B. Narey of Narey, Chozen & Saunders, Spirit Lake, and Harold W. White of Fitzgibbons Brothers, Estherville, for appellee Ziegeldorf.

Considered by McGIVERIN, C.J., and HARRIS, LARSON, TERNUS, and SCHULTZ, JJ.

TERNUS, Justice.

After the shareholders of appellants, Security State Bank, Hartley and Security State Bank, Lake Park, approved a reverse stock split, the banks brought these actions to determine the value of shares held by the dissenting shareholders, appellees, Genevieve Ziegeldorf and Allen Arnold. All parties appeal from the trial court's appraisal of the shares. In addition, the dissenting shareholders appeal from the court's refusal to award attorney fees....

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