Legal Opinion
VanderWeyst v. First State Bank of Benson
Court of Appeals of Minnesota
Decided September 29, 1987No. C4-87-283, C8-87-285PublishedCited by 4 opinions
1Opinion of the Court
OPINION
MULALLY, Judge.
Appellants sued respondent claiming the rates charged on various agricultural loans were in excess of the limits prescribed by statute and therefore usurious, and sought compensatory, punitive, and penalty damages. Respondent claimed application of the “most favored lender” doctrine excused interest rate charges in excess of those prescribed by Minn.Stat. §§ 334.011 and 48.195.
In both cases, the parties cross-moved for summary judgment. In each case, the trial court granted summary judgment to the respondent bank. Due to the similarity of issues, these cases were…
2Cases cited5 opinions
- National Bank v. JohnsonSupreme Court of the United States · 1881
- Evans v. National Bank of SavannahSupreme Court of the United States · 1919
- First Bank East v. BobeldykCourt of Appeals of Minnesota · 1986
- Dahl v. Lanesboro State BankCourt of Appeals of Minnesota · 1987
- First State Bank of Rushmore v. Van RulerCourt of Appeals of Minnesota · 1987
3Cited by4 opinions
- VanderWeyst v. First State Bank of BensonSupreme Court of Minnesota · 1988
- Walsh v. First State Bank of PennockCourt of Appeals of Minnesota · 1987
- Schemmel v. State Bank of PennockCourt of Appeals of Minnesota · 1987
- VanderWeyst v. First State Bank of BensonSupreme Court of Minnesota · 1988