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MILBANK MUT. INS. v. STATE FARM FIRE & CAS.

No. 12893.

294 N.W.2d 426 (1980)

MILBANK MUTUAL INSURANCE COMPANY, Plaintiff and Appellee, v. STATE FARM FIRE AND CASUALTY COMPANY, Defendant and Appellant.

Supreme Court of South Dakota.

Decided July 1, 1980.

Attorney(s) appearing for the Case

Donald A. Porter of Costello, Porter, Hill, Nelson, Heisterkamp & Bushnell, Rapid City, for plaintiff and appellee.

Charles H. Whiting of Whiting & Hagg, Rapid City, for defendant and appellant.

FOSHEIM, Justice.

This is an action initiated by plaintiff Milbank Mutual Insurance Company (Milbank) against State Farm Fire and Casualty Company (State Farm) seeking declaratory relief. The case was tried to the court on stipulated facts and depositions. From a judgment entered in favor of Milbank, State Farm appeals. We reverse.

Warren D. and Barbara Glick purchased a home in Sundance, Wyoming in June of 1965. The purchase was financed with a Veterans Administration...

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