Legal Opinion
Cargill, Inc. v. Hedge
Supreme Court of Minnesota
Decided October 25, 1985No. C2-84-445PublishedCited by 43 opinions
1Opinion of the Court
SIMONETT, Justice.
Do the owner-occupants of a farm, by placing their land in a family farm corporation, lose their homestead exemption from judgment creditors? The trial court and the court of appeals said no. We agree and affirm.
On October 24, 1973, defendant-respondent Sam Hedge and his wife Annette entered into a contract for deed for the purchase of a 160-acre farm. On March 1, 1974, the Hedges assigned their vendees’ interest to Hedge Farm, Inc., a Minnesota corporation qualified as a family farm corporation under Minn. Stat. § 500.24, subd. 1(c) (1973), and took possession. Between 1976…
2Cases cited6 opinions
- Roepke v. Western National Mutual Insurance Co.Supreme Court of Minnesota · 1981
- Denzer v. PrendergastSupreme Court of Minnesota · 1964
- Ferguson v. KumlerSupreme Court of Minnesota · 1880
- Kuennen v. Citizens Security Mutual Insurance CompanySupreme Court of Minnesota · 1983
- Sugg v. . PollardSupreme Court of North Carolina · 1922
1 more not listed; retrieve them via the Exa API.
3Cited by43 opinions
- In Re HaggertySupreme Court of Minnesota · 1989
- LFC Marketing Group, Inc. v. LoomisNevada Supreme Court · 2000
- Bergquist v. Anderson-Greenwood Aviation Corp. (In Re Bellanca Aircraft Corp.)United States Bankruptcy Court, D. Minnesota · 1985
- United States v. Laverne Scherping Loren Scherping Jane Scherping Epsilon Company C.J.S. RanchCourt of Appeals for the Eighth Circuit · 1999
- Floyd v. Internal Revenue Service of United StatesCourt of Appeals for the Tenth Circuit · 1998
38 more not listed; retrieve them via the Exa API.