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MUT. BEN. LIFE INS. CO. v. FRANTZ KLODT & SON

Nos. 45765 and 45814.

237 N.W.2d 350 (1975)

MUTUAL BENEFIT LIFE INSURANCE COMPANY, Appellant, v. FRANTZ KLODT & SON, INC., et al., Respondents, Eberhardt Co., et al., Defendants.

Supreme Court of Minnesota.

November 21, 1975.

Attorney(s) appearing for the Case

Faegre & Benson and James A. Dueholm and Thomas L. Kimer, Minneapolis, for appellant.

Karlins, Grossman, Karlins, Siegel & Brill, Minneapolis, for Preferred Risk Ins. Co.

Gerald G. Dederick, Minneapolis, for the Ministers Life & Casualty Union.

Rosen, Kaplan & Ballenthin, and William S. Rosen, St. Paul, for Franklin Park Towers Corp.

Simon, Schneider & Marker, Minneapolis, for Klodt.

Considered and decided by the court en banc.

PER CURIAM.

Appeal from an order of the Hennepin County District Court denying appellant's motion for appointment of a receiver pendente lite.1 We affirm.

This dispute involves a large apartment complex in the city of Minneapolis. Construction was financed by a loan of $3,100,000. This loan was evidenced by a promissory note for that amount, dated June 7, 1971, between respondents Franklin Park Towers Corporation (Franklin Park...

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