Federal Land Bank of Saint Paul v. Brakke

GIERKE, Justice.

Chester A. Brakke, Alice M. Brakke, and Ronald D. Brakke appeal from a district court judgment which allowed the Federal Land Bank of St. Paul to foreclose upon the Brakkes’ mortgage held by the Federal Land Bank. We affirm.

Initially, the Brakkes contend that the Federal Land Bank is not authorized by the State of North Dakota to conduct business in the State. They argue that since the Bank has not been issued a certificate of authority from the Secretary of State’s office, it cannot bring this action.

We specifically addressed this issue in Federal Land Bank of St. Paul v.…