Legal Opinion

Carlund Corp. v. Crown Center Redevelopment

Missouri Court of Appeals

Decided March 16, 1993No. WD 45804PublishedCited by 15 opinions

1Opinion of the Court

BRECKENRIDGE, Judge.

Forest Lake State Bank (Forest Lake), the assignee of an account, appeals from the trial court’s entry of summary judgment in favor of Elgard Corporation (El-gard), the account debtor. Forest Lake raises one point on appeal claiming that the trial court erred in awarding Elgard summary judgment because § 400.9-318(3), RSMo Cum.Supp.1992, 1 prohibited Elgard from making payments on the account in disregard of Forest Lake’s security interest. The judgment is reversed and remanded for trial.

Forest Lake loaned Carlund Corporation (Carlund) $200,000 on April 24, 1989 and…

2Cases cited8 opinions

  1. Forsythe v. StarnesMissouri Court of Appeals · 1977
  2. Freeman Contracting Company v. LefferdinkMissouri Court of Appeals · 1967
  3. Clayton Brokerage Co. of St. Louis v. PillaMissouri Court of Appeals · 1982
  4. American Family Mutual Insurance Co. v. LacyMissouri Court of Appeals · 1992
  5. Centennial State Bank v. SEK Construction Co., Inc.Missouri Court of Appeals · 1974

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3Cited by15 opinions

  1. Stephen Cordry, Doing Business as Cordry Mobile Homes v. Vanderbilt Mortgage & Finance, Inc., 21st Mortgage Corporation v. Stephen CordryCourt of Appeals for the Eighth Circuit · 2006
  2. Silverman Consulting, Inc. v. Canfor Wood Products Marketing (In Re Payless Cashways, Inc.)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2004
  3. Barker v. DannerMissouri Court of Appeals · 1995
  4. Citibank (South Dakota), N.A. v. MincksMissouri Court of Appeals · 2004
  5. Schettler v. RALRON CAPITAL CORPORATIONNevada Supreme Court · 2012

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