Legal Opinion
Farmers Bank of Northern Missouri v. Erpelding
Supreme Court of Iowa
Decided October 23, 1996No. 95-1102PublishedCited by 2 opinions
1Opinion of the Court
SNELL, Justice.
Appellants, Donald and Janet Erpelding, appeal from a summary judgment order of the district court finding them in default on certain promissory notes. We affirm.
I. Facts and Procedural Background
On January 25, 1994, appellants Donald and Janet Erpelding purchased a farm in southern Iowa with money obtained by giving a $134,500 promissory note secured by a chattel mortgage and a $15,000 operating note to appellee, Farmers Bank of Northern Missouri. Farmers Bank is a state bank chartered under the laws of Missouri and is not licensed to engage in the business of banking in Iowa.…
2Cases cited9 opinions
- Federal Land Bank of Omaha v. WoodsSupreme Court of Iowa · 1992
- Hoffnagle v. McDonald's Corp.Supreme Court of Iowa · 1994
- City of Ottumwa v. TaylorSupreme Court of Iowa · 1960
- Grant v. FritzSupreme Court of Iowa · 1972
- C-Thru Container Corp. v. Midland Manufacturing Co.Supreme Court of Iowa · 1995
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3Cited by2 opinions
- Foxley Cattle Co. v. Midwest Soya International, Inc.Supreme Court of Iowa · 1998
- Gartin v. TaylorSupreme Court of Iowa · 1998