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FIRST NAT. BANK OF DEERWOOD v. GREGG

No. C5-95-1472.

556 N.W.2d 214 (1996)

FIRST NATIONAL BANK OF DEERWOOD, Respondent, v. Thomas E. GREGG, et al., Petitioners, Appellants.

Supreme Court of Minnesota.

December 19, 1996.

Attorney(s) appearing for the Case

Stephanie Ann Ball, Fryberger, Buchanan, Smith and Frederick, P.A., Duluth, for appellants.

Paul J. Sandelin, Gammello and Sandelin, P.A., Pequot Lakes, for respondent.

Heard, considered and decided by the court en banc.

OPINION

TOMLJANOVICH, Justice.

Thomas and Colleen Gregg (the "Greggs") seek review of a decision of the court of appeals affirming the district court's exercise of jurisdiction in issuing a claim and delivery order prior to commencement of the underlying action. The Greggs are principal stockholders of Mr. Meats, Inc. and have executed several loans and security agreements with First National Bank of Deerwood ("Bank"). On January 13, 1995, the Bank alleged...

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