Mareck v. Minneapolis Trust Co.
Supreme Court of Minnesota
Action in the district court for Hennepin county by the holders of three notes of the Minnehaha Driving Park Association against the Minneapolis Trust Company, and the other note holders of that association, for an accounting by the trust company. The facts are stated in the opinion. The cause was tried before Simpson, J., who ordered that the case be dismissed as against the Minneapolis Trust Company.
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Action in the district court for Hennepin county by the holders of three notes of the Minnehaha Driving Park Association against the Minneapolis Trust Company, and the other note holders of that association, for an accounting by the trust company. The facts are stated in the opinion. The cause was tried before Simpson, J., who ordered that the case be dismissed as against the Minneapolis Trust Company. From the judgment entered in accordance with such order, plaintiffs appealed. A purchaser at a mortgage foreclosure sale and especially a mortgagee purchasing at his own sale is not allowed to…
1Opinion of the CourtMitchell, J.
The Minnehaha Driving Park Association, a corporation, owned a leasehold estate for the term of 15 years from April 21, 1888, in 56 acres of - land near the city of Minneapolis. Th.e association was indebted on its promissory notes to each of 18 different persons, to the aggregate amount of $14,400. To secure the payment of these notes, the association, on January 2, 1891, conveyed this leasehold estate to the Minneapolis Trust Company, in trust, with power to sell the property, and apply the proceeds, or so much as might be necessary, to paying off these notes at maturity. The plaintiffs,…
2Cited by6 opinions
- Smith v. Massachusetts Mutual Life Ins.Supreme Court of Florida · 1934
- Swedeen v. SwedeenSupreme Court of Minnesota · 1965
- State Ex Rel. Gregory v. HendersonMissouri Court of Appeals · 1935
- Boyum v. JordanSupreme Court of Minnesota · 1920
- Hydraulic Mining Co. v. SmithOregon Supreme Court · 1921
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