Des Moines National Bank v. Sisson
Supreme Court of Iowa
Appeal from Buena Visia District Court. — Hon. D. D. Coyle, Judge. This is an action in equity upon a promissory note and to foreclose security. There was a cross-bill filed by the defendant, asking, for an accounting for collateral. The principal controversy in the case arises upon the trial of such cross-bill. There was a decree for the defendant. Plaintiff appeals.
1Opinion of the CourtEvans, C. J.
The plaintiff brought its action upon a promissory note for $4,240 executed on May 15, 1902, but bearing date May 1, 1902, signed by the defendant and payable to the Eirst National Bank of Storm Lake, and indorsed after due by the payee to the plaintiff herein. By way of cross-bill the' defendant averred that "he had transacted business for many years with the payee bank, and had deposited with it from time to time much collateral, and he prayed for an accounting on such collateral, and that the amount found due- him upon such accounting should be applied upon said note. The defendant was an…
2Cited by4 opinions
- C. E. Erickson Co. v. Iowa National BankSupreme Court of Iowa · 1930
- Locke v. MurdochNew Mexico Supreme Court · 1915
- State Bank of Prairie City v. CooperSupreme Court of Iowa · 1925
- Pierce & Gamet v. Live Stock National BankSupreme Court of Iowa · 1931