Hartford-Carlisle Savings Bank v. Shivers

HABHAB, Judge.

At issue in this appeal is whether appellant carried its burden to prove the existence of a fraudulent conveyance. The district court held it did not and we affirm.

Larry Shivers had obtained two loans from plaintiff-appellant Hartford-Carlisle Savings Bank to enable him to finance a fifty-fifty crop share farm operation with his cousin defendant-appellee Ron Shivers. 1 The loans were secured by Larry’s livestock, farm machinery, and various accounts, contract rights, and payments from state and federal programs.

Larry and Ron farmed on a fifty-fifty crop share basis from 1987…