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MINERS & MERCHANTS BANK v. BRADEN FORESTRY

No. 14531.

374 N.W.2d 123 (1985)

MINERS AND MERCHANTS BANK, A Banking Corporation, Plaintiff and Appellee, v. BRADEN FORESTRY SERVICES, INC., Millard M. Braden, Edna Mae Braden, Jon P. Hallinan, and Glen L. Westberg, Defendants, and M.H. Braden, a/k/a Milford H. Braden, and Margaret M. Braden, Defendants and Appellants.

Supreme Court of South Dakota.

September 6, 1985.

Attorney(s) appearing for the Case

Robert A. Amundson of Amundson & Fuller, Lead, for plaintiff and appellee.

William H. Coacher, Sturgis, for defendants and appellants.

WOLLMAN, Justice.

This is an appeal from an order approving sale of M.H. and Margaret Braden's cabin property, pledged as collateral for a promissory note executed and delivered by Braden Forestry Services, Inc. to Miners and Merchants Bank (Bank). We affirm.

The facts here are not in dispute.

On January 8, 1981, Braden Forestry Services executed and delivered to Bank a note in the principal sum of $210,000.00. The note was secured by collateral designated...

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