Gate City Federal Savings & Loan Ass'n v. O'Connor
Court of Appeals of Minnesota
1Opinion of the Court
OPINION
NIERENGARTEN, Judge.
Martin and Jean O’Connor appeal from the entry of a judgment of foreclosure on land in Minnesota and the entry of a deficiency judgment against them. They assert North Dakota law regarding deficiency judgments, not Minnesota law, should apply. We agree and reverse.
FACTS
In April 1978 the Aakres and the Moyers, North Dakota residents, borrowed $91,920 from Gate City Savings and Loan Association (Gate City) whose principal place of business is North Dakota. The loan involved four separate promissory notes executed and payable in Fargo, North Dakota. The notes were…
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