Textron Financial Corp. v. Kruger

CADY, Judge.

Textron Financial Corporation appeals a district court’s order holding Jerome and lone Olson did not receive title to certain farmland through fraudulent conveyance. We reverse and remand to the district court.

Seth Kruger owned a piano business in Willmar, Minnesota called Kruger Keyboard Centers, Inc. Textron Financial Corporation provided the floor plan financing for the business and financed part of Kruger’s inventory. Jerome Olson, a close business associate of Kruger, also provided financing to Kruger and placed pianos for sale on consignment with the company.

The consignment…