Mansur ex rel. Estate of Mansur v. Eden Prairie Real Estate Investment Corp.

OPINION

CRIPPEN, Judge.

Peter Mansur appeals from an order of the Hennepin County District Court discharging a lis pendens on property owned by respondent Eden Prairie Real Estate Investment Corporation (EPREIC). Man-sur contends he has a sufficient equitable interest to support a lis pendens. We affirm.

FACTS

EPREIC was formed in 1976. Mansur is a 25 percent shareholder in EPREIC, as are respondents Richard M. Vogel, Thomas K. Carpenter, and Robert C. Chinn. In 1977, EPREIC purchased its only asset, 17.6 acres of land in Eden Prairie. The purchase was financed through a promissory note and…