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MEALY v. PRINS

#28588, #28597.

934 N.W.2d 891 (2019)

2019 S.D. 57

Loretta B. MEALY, Individually and as Personal Representative of the Estate of Terrence L. Mealy, and Investment Enterprises, Inc., Plaintiffs and Appellants, v. Bruce PRINS and Corrine Prins, and Prairie Sky Guest & Game Ranch, LLC, Defendants and Appellees.

Supreme Court of South Dakota.

OPINION FILED October 9, 2019.

Attorney(s) appearing for the Case

REED RASMUSSEN , JULIE DVORAK of Siegel, Barnett and Schutz, LLP, Aberdeen, South Dakota, Attorneys for plaintiffs and appellants.

LEE SCHOENBECK , JOSEPH ERICKSON of Schoenbeck Law, P.C., Watertown, South Dakota, SHAWN M. NICHOLS of Cadwell, Sanford, Deibert & Garry, LLP, Sioux Falls, South Dakota, Attorneys for defendants and appellees.

[¶1.] Loretta and Terrence Mealy and their corporation, Investment Enterprises, Inc., loaned Bruce and Corrine Prins nearly $1.2 million to operate Prairie Sky Guest & Game Ranch, LLC (collectively the Prins). Fifty-five promissory notes secured the loans. In 2015, Loretta, the Estate of Terrance Mealy, and Investment Enterprises...

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