Folda Real Estate Co. v. Jacobsen

The court below dismissed a bill for foreclosure of a mortgage, brought by plaintiff in error, on the ground that it was barred by the limitation of chapter 42, S. L. 1917. The question is: Was this right? The said chapter 42 is as follows: “When a cause of action has heretofore arisen or hereafter arises in another state * * * and by the laws thereof an action thereon cannot there be maintained against a person by reason of the lapse of time, an action thereon shall not be maintained against him in this state, *18except in favor of one who has been a citizen of this state and who has held the…