VanderWeyst v. First State Bank of Benson
Supreme Court of Minnesota
1Opinion of the Court
OPINION
SIMONETT, Justice.
The issues in these four appeals are whether federally-insured, state-chartered banks have preemptive most favored lender status under federal law, and, if so, whether under state law their agricultural loans charged a permissible interest rate and were otherwise lawful. We answer these issues, for the most part, yes, but remand in one case on a particular fact issue.
Minn.Stat. § 334.011 (1986) regulates the interest rate chargeable on agricultural loans under $100,000 and states any lender may charge not more than 4V2 percent in excess of the applicable federal…
Also in this document: Dissent.
2Cases cited22 opinions
- Lou v. BelzbergCourt of Appeals for the Ninth Circuit · 1987
- Marquette National Bank of Minneapolis v. First of Omaha Service Corp.Supreme Court of the United States · 1978
- Tiffany v. National Bank of Mo.Supreme Court of the United States · 1874
- Rice v. JanovichWashington Supreme Court · 1987
- CBS Inc. v. Brown & Williamson Tobacco Corp.Supreme Court of the United States · 1988
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3Cited by15 opinions
- Tafflin v. LevittSupreme Court of the United States · 1990
- Smiley v. CitibankCalifornia Supreme Court · 1995
- Fogie v. Thorn Americas, Inc.Court of Appeals for the Eighth Circuit · 1996
- Hill v. Chemical BankDistrict Court, D. Minnesota · 1992
- Sherman v. Citibank (South Dakota), N.A.Supreme Court of New Jersey · 1995
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