The Boatmen's National Bank of St. Louis v. Robert F. Smith and M-T Acquisition Corporation

GRANT, Senior District Judge.

In this diversity action, The Boatmen’s National Bank of St. Louis [Boatmen’s] sought a turnover order for $185,000 held to fund a cashier’s check issued payable to the Internal Revenue Service and naming Robert F. Smith [Smith] as the remitter. Boatmen’s now appeals the denial of that motion by the district court. We affirm.

I

The following facts forming the background to this action are not in dispute. Jefferson State Bank [Jefferson] and Exchange National Bank of Chicago agreed to lend $5,150,000 to two Illinois corporations, ARF Landfill Corp. and Lakeland…