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ANCHOR CASUALTY CO. v. COMMISSIONER OF SECURITIES

No. 38,001.

259 Minn. 277 (1961)

107 N.W. (2d) 234

ANCHOR CASUALTY COMPANY v. COMMISSIONER OF SECURITIES AND OTHERS.

Supreme Court of Minnesota.

January 13, 1961.

Attorney(s) appearing for the Case

Meagher, Geer, Markham & Anderson, Manson Reedal, M.J. Coyne, and O.C. Adamson II, for appellant.

Marlon O. Haugen, Keith Bradley, Bernard G. Zimpfer, Walter F. Mondale, Attorney General, and Harold J. Soderberg, Assistant Attorney General, for respondents.

LOEVINGER, JUSTICE.

This is a declaratory judgment action to determine the scope of a bond.

Plaintiff, a paid corporate surety, issued a series of bonds for one Drew Forsman pursuant to Minn. St. 82.03, subd. 3,1 a provision of the real estate brokers' licensing act. Subsequently, the private defendants sued to recover losses resulting from alleged fraud of Forsman in real estate transactions...

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