Federal Deposit Insurance Corporation, in Its Corporate Capacity, Plaintiff v. James H. Petersen, Henry Heidtbrink, and Jerry R. Dunn

BREITENSTEIN, Circuit Judge.

This is an action by plaintiff-appellant, Federal Deposit Insurance Corporation (FDIC), against defendants-appellees Petersen, Heidtbrink, and Dunn to enforce guaranty contracts entered into by defendants. We have jurisdiction under 28 U.S.C. § 1345 and 12 U.S.C. § 1819, Fourth. The district court, 565 F.Supp. 1007, held that the FDIC’s claims were barred by the federal statute of limitations, 28 U.S.C. § 2415(a). FDIC appeals. We affirm.

The case was submitted on a stipulation of facts. R. 60-65. On February 1, 1975, Meridian Properties, Inc. (Meridian) signed a…