Manson State Bank v. Diamond

MASON, Justice.

Manson State Bank, a banking corporation organized and existing under the laws of Iowa, instituted this law action seeking damages from Irving E. Diamond, Clarence T. V. Johnson and Loren A. Decker on the theory these individuals had converted personal property in which Manson State Bank claimed a security interest. Trial to the court resulted in dismissal of the petition at plaintiff’s cost. It appeals.

The property involved in the dispute had been originally sold out of inventory of Continental Corporation to R. E. Iceberg, Incorporated, a customer in Michigan who subsequently…