First Home Savings Bank v. C & L Farms, Inc.

PARRISH, Presiding Judge.

This is an appeal of a judgment declaring a conveyance of real estate by C & L Farms, Inc., to Dale Martin and Glendora Martin fraudulent pursuant to § 428.020, RSMo 1986 (repealed effective August 28, 1992). 1 This court affirms in part, reverses in part and remands.

Transactions Between the Reeds and First Home Savings Bank

In 1984 Charles Reed and Lois Reed obtained a loan of $100,000 from The Home Building and Loan Association of Mountain Grove, Missouri, (now First Home Savings Bank, referred to herein as “bank”) for use as operating capital for their cattle and…