Newton v. Regional Investment Co.

SWOFFORD, Judge.

Appellant commenced this proceeding in the circuit court for approval of an irrevocable letter of credit tendered as a redemption bond under the provisions of Sections 443.410, 443.420 and 443.430, RSMo 1969, V.A.M.S., and to redeem certain real estate which had been foreclosed under a deed of trust. The court below approved the security by order ex parte on February 14, 1973, but thereafter granted another hearing to the respondent and on March 14, 1973, entered its order disapproving said security and dismissing the proceedings at the cost of the plaintiff (appellant here).…