Legal Opinion
Bandas v. Citizens State Bank of Silver Lake
Court of Appeals of Minnesota
Decided November 24, 1987No. C7-87-1184PublishedCited by 3 opinions
1Opinion of the Court
OPINION
A. PAUL LOMMEN, Judge.
Appellants challenge a judgment dismissing their claims that allege respondents charged usurious interest rates and engaged in a pattern of racketeering. We affirm the trial court's decision on the usury claims as to 17 of 18 loan obligations and reverse as to one loan obligation. We affirm the trial court’s decision regarding the racketeering claim.
FACTS
Between January 10, 1983 and June 5, 1985, appellants obtained 18 agricultural loans from respondent Citizens State Bank of Silver Lake, a state-chartered, federally-insured bank. The principal on each loan was…
2Cases cited7 opinions
- Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
- Louisiana Power & Light Co v. United Gas Pipe Line Co.District Court, E.D. Louisiana · 1986
- Roberts v. Smith Barney, Harris Upham & Co., Inc.District Court, D. Massachusetts · 1986
- Lawaetz v. Bank of Nova ScotiaDistrict Court, Virgin Islands · 1987
- First Bank East v. BobeldykCourt of Appeals of Minnesota · 1986
2 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- VanderWeyst v. First State Bank of BensonSupreme Court of Minnesota · 1988
- Bandas v. Citizens State Bank of Silver LakeCourt of Appeals of Minnesota · 1987
- VanderWeyst v. First State Bank of BensonSupreme Court of Minnesota · 1988