Thuman v. Monroe County Truck & Implement Co.

LeGRAND, Justice.

This case arises out of an alleged wrongful conversion of security pledged by Anna DeJong and Henry DeJong to Ottumwa Production Credit Association as security for a loan. The property was later taken by Monroe County Truck & Implement Company under claim of a prior lien. Subsequently, Marvin Thuman was appointed receiver of the property of Anna DeJong and Henry DeJong. This litigation ensued to settle the respective claims of plaintiffs and defendants to this property. The case was tried to the court as an action at law. Judgment was entered in favor of plaintiffs for…