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DUNCAN v. FARM CREDIT BANK OF ST. LOUIS

No. 90-2056.

940 F.2d 1099 (1991)

Sherrill K. DUNCAN and Dora Mae Duncan, Plaintiffs-Appellants, v. FARM CREDIT BANK OF ST. LOUIS, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided August 22, 1991.

Attorney(s) appearing for the Case

R. Edward Veltman, Jr., Marvin G. Miller, David M. Foreman (argued), Crain, Cooksey & Veltman, Centralia, Ill., for plaintiffs-appellants.

Steven M. Wallace, Carr, Korein, Tillery, Kunin, Montroy, Glass & Bogard, East St. Louis, Ill., Mark G. Arnold (argued), Husch, Eppenberger, Donohue, Cornfeld & Jenkins, St. Louis, Mo., for defendant-appellee.

Before FLAUM, RIPPLE and KANNE, Circuit Judges.

RIPPLE, Circuit Judge.

Sherrill and Dora Duncan instituted this action against the Farm Credit Bank of St. Louis (the Bank), seeking to enforce a provision of the Agricultural Credit Act of 1987 that grants a right of first refusal to repurchase foreclosed property. The district court dismissed the suit. The Duncans did not seek a stay of judgment, and the Bank sold the disputed property to a third party. The Duncans appeal the dismissal of their suit. For the following...

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