DOMAIN INDUSTRIES v. FIRST SEC. BANK & TRUST

No. 2-56911.

230 N.W.2d 165 (1975)

DOMAIN INDUSTRIES, INC., Appellant, v. FIRST SECURITY BANK & TRUST CO., an Iowa Corporation, Appellee.

Supreme Court of Iowa.

May 21, 1975.


Attorney(s) appearing for the Case

Dunkelberg, McKinley & Folkers, Osage, for appellant.

Zastrow, Noah & Smith, Charles City, for appellee.

Heard before MOORE, C. J., and LeGRAND, REES, REYNOLDSON and HARRIS, JJ.


LeGRAND, Justice.

This is an action alleging defendant bank wrongfully converted a bank account upon which plaintiff claims a lien by virtue of a filed security instrument under Chapter 554, Article 9, The Code. The trial court sustained defendant's motion to dismiss on two grounds which we discuss later. We reverse and remand the case for further proceedings.

The account was owned by Kenneth Elliott and Arlene Elliott, hereafter referred to jointly as Elliott...

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