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HUNTER v. UNION STATE BANK

No. 92-51.

505 N.W.2d 172 (1993)

Gerald D. HUNTER and Pearl A. Hunter, Appellants, v. UNION STATE BANK and Ronald Kniep, Appellees.

Supreme Court of Iowa.

August 25, 1993.

Attorney(s) appearing for the Case

Kermit Dunahoo of Dunahoo & Lawry, Des Moines, for appellants.

Ann M. Nielsen of Nielsen & Nielsen, P.C., Corning, for appellees.

Considered by McGIVERIN, C.J., and SCHULTZ, LAVORATO, NEUMAN, and ANDREASEN, JJ.

LAVORATO, Justice.

Gerald D. Hunter and Pearl A. Hunter lost 360 acres of farmland to Union State Bank through foreclosure. Later the bank accepted offers of purchase on four separate parcels of the land from four different buyers. All of the offers were subject to the Hunters' right to repurchase under Iowa Code section 524.910(2) (1987). The bank gave notice to the Hunters of these purchase offers and of their repurchase rights under section 524.910(2). When the...

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