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ANDERSON v. FIRST NORTHTOWN NAT. BANK

No. C8-84-1597.

361 N.W.2d 116 (1985)

Walter R. ANDERSON, Appellant, v. FIRST NORTHTOWN NATIONAL BANK, et al., Respondents.

Court of Appeals of Minnesota.

January 22, 1985.

Attorney(s) appearing for the Case

James A. Lundberg, Minneapolis, for appellant.

Brian E. Palmer and Joseph H. Andersen, Minneapolis, for respondents.

Considered and decided by SEDGWICK, P.J., and FOLEY and CRIPPEN, JJ., with oral argument waived.

OPINION

FOLEY, Judge.

Appellant Walter R. Anderson appeals the decision of the trial court to dismiss his complaint for failure to state a claim upon which relief can be granted.

We affirm.

FACTS

Appellant Walter R. Anderson is president and sole shareholder of Lakeland Development Corporation (Lakeland). Lakeland gave a first mortgage on certain real estate it owned to the bank. Lakeland defaulted on its obligations to the bank...

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