Security National Bank v. Cohen

The only issue raised by appellant-defendant on this appeal which we deem possesses sufficient merit to warrant our consideration is that plaintiff’s foreclosure action is barred by sec. 180.787, Stats. This statute provides in part:

“The dissolution of a corporation shall not take away or impair any remedy available to or against such corporation, its directors, officers or shareholders, for any right or claim existing or any liability incurred, prior to such dissolution if action or other proceeding thereon is commenced within 2 years after the date of such dissolution. . . ”

Strangely, the…