Security State Bank of Hamilton v. Kimball

Security State Bank of Hamilton (Bank) appeals from the trial court’s orders of December 30, 1999, and February 9, 2000, which quashed its garnishment petition related to a Hancock County circuit court judgment it previously obtained against Stanley B. Kimball. By these orders, the trial court also released the Hancock County circuit court judgment. We reverse and remand.

This case began with an April 24, 1990, extension of a guaranty on a loan made by the Bank to Nauvoo Development, Inc. (Nauvoo), in the accumulated amount of $63,245.69. Stanley B. Kimball pledged certain assets as collateral…