Geldert v. American National Bank

OPINION

HUSPENI, Judge.

Pursuant to entry of a $5,000 judgment in favor of payee Geldert’s Woodcraft, Inc. Employees Pension Trust, appellant Audrey E. Geldert, payee’s trustee, contends the trial court erred in dismissing her direct conversion claims against a depositary bank and holding that a payee cannot directly sue a depositary or collecting bank under Minn. Stat. § 336.3^419 (1988). Appellant also claims the trial court erred in granting summary judgment on the breach of warranty of good title claim, assigned to payee by the payor bank in settlement of payee’s conversion action against…