Supreme Court of Iowa June 26, 1928 (Des Moines National Bank v. Stanley)

Wagner, J.

On November 25, 1921, Enos Stanley was the owner of certain real estate in the city of Des Moines, known as the Glen Bailey Apartments. The Security Loan & Investment Company was at that time engaged in the general loan and mortgage business, but has since . . failed, and is now m the hands of a receiver.