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WAKEFIELD v. ANCHOR BANCORP, INC.

No. C9-87-1428.

416 N.W.2d 814 (1987)

Lowell WAKEFIELD, Appellant, v. ANCHOR BANCORP, INC., et al., Respondents, McLeod Bancshares, Inc., Appellant.

Court of Appeals of Minnesota.

December 15, 1987.

Attorney(s) appearing for the Case

Thomas A. Foster, Foster, Waldeck & Lind, Minneapolis, for Lowell Wakefield.

Thomas W. Tinkham, Thomas M. Kelly, Kelly & Jacobson, Minneapolis, for Anchor Bancorp, Inc., et al.

John L. Devney, St. Paul, for McLeod Bancshares, Inc.

Heard, considered, and decided by PARKER, NIERENGARTEN and RANDALL, JJ.

OPINION

RANDALL, Judge.

Appellant Lowell Wakefield (Wakefield) sued respondents Anchor Bancorp, Inc. (Anchor), Exchange State Bank (Exchange), Winton Jones (Jones) and appellant McLeod Bancshares (McLeod) to dissolve Anchor, Exchange and McLeod, following a business dispute between Jones and Wakefield. After suit was filed, Wakefield acquired a majority interest in McLeod, and dismissed his claim against it. Jones cross-claimed for dissolution of McLeod...

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