Wenner v. Farm Credit Bank of St. Paul

OPINION

KLAPHAKE, Judge.

Wendell H. Wenner, Jr. challenges summary judgment in favor of respondents Farm Credit Bank of St. Paul (AgriBank), Norwest Bank Mankato (Norwest) and Peter T. Seit-zer and Lyle J. Seitzer (the Seitzers), concluding that Wenner had no right of first refusal under Minn.Stat. § 500.24, subd. 6 (1986), arising from transfers of farmland between respondents. We affirm.

FACTS

On June 16, 1981, Wenner executed a $350,000 note secured by a mortgage on farm property in favor of AgriBank. On June 10, 1982, and on May 8, 1984, Wenner executed subsequent mortgages on the farm…