Legal Opinion
Federal Deposit Insurance Corp. v. National Surety Corp.
Supreme Court of Iowa
Decided July 25, 1979No. 59230PublishedCited by 18 opinions
1Opinion of the Court
LeGRAND, Justice.
The question on this appeal is whether National Surety Corporation is liable under a fidelity bond issued to State Bank of Prairie City for losses allegedly resulting from the dishonest and fraudulent acts of a bank officer. The trial court found for plaintiff and defendant appeals. We affirm the judgment.
This action was brought by Federal Deposit Insurance Corporation as receiver after the State Bank of Prairie City was closed by banking authorities on February 20,1970. An audit conducted by the receiver disclosed a number of allegedly fraudulent and dishonest acts by Harry…
2Cases cited20 opinions
- American Surety Company v. PaulySupreme Court of the United States · 1898
- Phoenix Savings and Loan, Inc. v. The Aetna Casualty and Surety CompanyCourt of Appeals for the Fourth Circuit · 1970
- General Finance Corporation, Bankrupt, by Ronald W. Wright, Trustee v. The Fidelity and Casualty Company of New YorkCourt of Appeals for the Eighth Circuit · 1971
- Citizens Nat. Bk., Grant Cty. v. 1ST NAT. BK., MARIONIndiana Court of Appeals · 1975
- Allen v. HatchettCourt of Appeals of Georgia · 1955
15 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Official Committee of Unsecured Creditors v. R.F. Lafferty & Co., Inc. Cogen Sklar, L.L.PCourt of Appeals for the Third Circuit · 2001
- Browning v. HollowayCourt of Appeals of Texas · 1981
- First American State Bank v. The Continental Insurance Company, First American State Bank v. Robert S. Milnikel, the Continental Insurance Company. First American State Bank v. The Continental Insurance CompanyCourt of Appeals for the First Circuit · 1990
- First American State Bank v. Continental InsuranceCourt of Appeals for the Eighth Circuit · 1990
- Employers Reinsurance Corp. v. LandmarkNorth Dakota Supreme Court · 1996
13 more not listed; retrieve them via the Exa API.