Supreme Court of Minnesota July 24, 1981, 51462 (Westland Capitol Corp. v. Lucht Engineering Inc.)

SIMONETT, Justice.

Two investors in a close corporation went to court to enforce a restriction in their loan agreement which prohibited company purchase of any fixed assets, here an airplane, costing over $25,000 annually. The district court held the prohibition to be enforceable. The corporation and its president appeal. We affirm.