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CURRY v. U.S., SMALL BUSINESS ADMIN.

No. C-86-4903 WHO.

679 F.Supp. 966 (1987)

Elizabeth CURRY, formerly known as Elizabeth Lacy, Plaintiff, v. UNITED STATES of America, SMALL BUSINESS ADMINISTRATION, and Andrew Graves, an individual, Defendants.

United States District Court, N.D. California.

June 18, 1987.

Attorney(s) appearing for the Case

Gene Cain, Walnut Creek, Cal., for plaintiff.

Joseph Russoniello, Judith Whetstine, Asst. U.S. Atty., San Francisco, Cal., for defendants.

OPINION AND ORDER

ORRICK, District Judge.

This case, by cross-motions for summary judgment, presents the question whether a federal agency, here, the United States Small Business Administration (the "SBA"), which makes loans in California evidenced by promissory notes secured by deeds of trust containing powers of sale, may exercise the power of sale if the statute of limitations has run against it on the promissory note. This Court holds that it can for...

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