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VESTA STATE BANK v. INDEPENDENT STATE BANK

No. C6-93-150.

506 N.W.2d 307 (1993)

VESTA STATE BANK, et al., Appellants, v. INDEPENDENT STATE BANK OF MINNESOTA, Defendant and Third-Party Plaintiff, Respondent. v. CLAYTON MANAGEMENT, INC., et al., Third-Party Defendants, Respondents.

Court of Appeals of Minnesota.

Review Granted November 16, 1993.

Attorney(s) appearing for the Case

Clarance E. Hagglund, Britton D. Weimer, Hagglund & Weimer, Minneapolis, for appellants.

John Troyer, Briggs and Morgan, P.A., Minneapolis, for Independent State Bank of Minnesota.

Gary F. Albrecht, Christoffel & Elliot, St. Paul, for Clayton Management, Inc.

Considered and decided by AMUNDSON, P.J., and RANDALL and SHORT, JJ.

OPINION

AMUNDSON, Judge.

Appellants challenge the district court's denial of their two motions to amend their complaint and the grant of summary judgment for respondents. Respondents cross-appeal, challenging the district court's partial denial of summary judgment. We affirm in part, reverse in part and remand.

FACTS

In December 1981, appellants Vesta State Bank and State Bank of Belview jointly purchased a lease investment package from...

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