Legal Opinion
Empire State Bank of Cottonwood v. St. Paul Fire & Marine Insurance Co.
Court of Appeals of Minnesota
Decided June 6, 1989No. C0-88-2557PublishedCited by 3 opinions
1Opinion of the Court
OPINION
FOLEY, Judge.
This appeal is from a summary judgment granted to respondent St. Paul Fire and Marine Insurance Company. The parties stipulated that there were no material issues of fact. The trial court concluded the cause of action involved neither a forgery nor a security and the definitions of the terms “forgery” and “security” contained in a bankers blanket bond were not ambiguous. Thus, the trial court concluded there was no coverage under the bond for loss incurred as the result of criminal wrongdoing of a bank's executive vice-president who had misappropriated funds under…
2Cases cited12 opinions
- Betlach v. Wayzata CondominiumSupreme Court of Minnesota · 1979
- Atwater Creamery Co. v. Western National Mutual Insurance Co.Supreme Court of Minnesota · 1985
- Henning Nelson Construction Co. v. Fireman's Fund American Life Insurance Co.Supreme Court of Minnesota · 1986
- Republic National Life Insurance Co. v. Lorraine Realty Corp.Supreme Court of Minnesota · 1979
- Telex Corporation v. Data Products CorporationSupreme Court of Minnesota · 1965
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3Cited by3 opinions
- St. Paul Fire and Marine Insurance Company v. Federal Deposit Insurance Corporation, as Receiver of the State Bank of Greenwald, Minnesota v. Douglas A. Winter Bernadine Winter Robert J. OsendorfCourt of Appeals for the Eighth Circuit · 1992
- St. Paul Fire & Marine Insurance v. Federal Deposit InsuranceDistrict Court, D. Minnesota · 1991
- St. Paul Fire & Marine Insurance v. Federal Deposit Insurance Corp.Court of Appeals for the Eighth Circuit · 1992