- Ag Docket
(case involves action brought by original owner of property under Farm Credit Act of 1971 to enjoin sale at public auction of real estate that had been foreclosed on and ownership transferred to another party; plaintiff claimed that defendant violated Ag Credit Act of 1987 by failing to notify plaintiff of appraised market value of property and plaintiff's right to buy property at appraised value or right to offer property at price below appraised value; plaintiff also claims defendant violated ACA 1987 by failing to notify plaintiff of minimum amount, if any, required to qualify as acceptable bid and that division of property into five tracts also violates Act; Act contains no express provision giving borrowers private right of action, but court did not rule on issue; plaintiff did not make clear showing that it is likely to suffer irreparable harm in absence of injunctive relief; preliminary injunction denied).
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