Citizens' State Bank v. Sanatorium
Supreme Court of Iowa
Appeal from Jasper District Court. — K. E. Willcockson, Judge. Suit in equity for the foreclosure of a mortgage against the sanatorium company. Hollingsworth, as administrator, and others, intervened, claiming that they, or the estate which they represent, hold' a lien prior to plaintiff’s mortgage, and they asked that their prior lien - be protected.
Read the full summary
Appeal from Jasper District Court. — K. E. Willcockson, Judge. Suit in equity for the foreclosure of a mortgage against the sanatorium company. Hollingsworth, as administrator, and others, intervened, claiming that they, or the estate which they represent, hold' a lien prior to plaintiff’s mortgage, and they asked that their prior lien - be protected. The-trial court, upon issues joined, granted-the relief prayed by plaintiff,' and dismissed the petition of intervention, and interveners appeal.
1Opinion of the CourtDeemer, J.
*• ment oTesfaté: juruaictfon™?" t'0Ult The defendant company' is-a 'corporation organized under the laws of this state, and the owner of a hotel or sanatorium in the town of Colfax. Prior to his death,' James Brown owned 10 shares of the stock of this corporation; and Florence Sherbon, his daughter, owned 7 shares in her own right, and had a contract for the purchase of the remaining 6 shares. There were 23 shares outstanding, of the par value of $1,000 each. Brown was the president of the corporation for some years prior to his death, and held that position when he died. The daughter,…
2Cases cited4 opinions
- Ryan v. HutchinsonSupreme Court of Iowa · 1913
- Cowins v. ToolSupreme Court of Iowa · 1872
- Scully v. . McGrathNew York Court of Appeals · 1911
- Van Aken v. ClarkSupreme Court of Iowa · 1891
3Cited by5 opinions
- Cambridge Tempositions, Inc. v. Cassis (In Re Cassis)United States Bankruptcy Court, N.D. Iowa · 1998
- In Re Estate of CocklinSupreme Court of Iowa · 1945
- In Re Estate of DureySupreme Court of Iowa · 1932
- In Re Estate of MeinertSupreme Court of Iowa · 1927
- Randell v. FellersSupreme Court of Iowa · 1934