Legal Opinion
First National Bank of Beresford v. Nelson
South Dakota Supreme Court
Decided September 1, 1982No. 13410PublishedCited by 14 opinions
1Opinion of the Court
WOLLMAN, Chief Justice.
Elden Nelson is a Union County farmer. He and his sons Robert and David are the sole stockholders, directors, and officers in ERD, a family farming corporation. Elden Nelson’s son Elwood Nelson (Woody Nelson) had an interest in an insurance agency in Sioux Falls during all times material to this lawsuit.
In March of 1978, Woody Nelson was indebted to Bank in the sum of $111,000, the indebtedness being represented by four separate promissory notes. Because of Woody Nelson’s failure to make timely payments on these notes, Bank refused his request for additional loans on…
2Cases cited9 opinions
- Chambers v. Beaver-Advance Corp.Supreme Court of Pennsylvania · 1958
- Liberty National Bank and Trust Co. v. DvorakNorth Dakota Supreme Court · 1972
- Chris-Craft Industries, Inc. v. Van ValkenbergSupreme Court of Florida · 1972
- American National Bank v. Wheeler-Adams Auto Co.South Dakota Supreme Court · 1913
- AMF, INCORPORATED v. FredericksNorth Dakota Supreme Court · 1973
4 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Schelske v. South Dakota Poultry Cooperative, Inc.South Dakota Supreme Court · 1991
- Rosenberg v. MosherSouth Dakota Supreme Court · 1983
- Lane v. Travelers Indemnity Co.South Dakota Supreme Court · 1997
- Pokela v. Red Owl Stores, Inc. (In Re Dakota Country Store Foods, Inc.)United States Bankruptcy Court, D. South Dakota · 1989
- SunBank of South Dakota v. Precision Specialty Products, Inc.South Dakota Supreme Court · 1988
9 more not listed; retrieve them via the Exa API.