Legal Opinion
American Bank of St. Paul v. Coating Specialties, Inc.
Court of Appeals of Minnesota
Decided August 10, 2010No. A09-2059PublishedCited by 4 opinions
1Opinion of the Court
OPINION
TOUSSAINT, Chief Judge.
Appellant Co-op Credit Union of Montevideo (the credit union) challenges the summary judgment for $50,000 granted to respondent American Bank of St. Paul (the bank) on the basis of the parties’ subordination agreement. Because we conclude that the district court did not erroneously apply the law in granting summary judgment or in denying the credit union’s motion for reconsideration, we affirm.
FACTS
The bank issued two $25,000 short-term loans, or promissory notes, to Coating Specialties, Inc. (CSI). The security agreements executed with the notes defined “note”…
2Cases cited11 opinions
- Fabio v. BellomoSupreme Court of Minnesota · 1993
- Brookfield Trade Center, Inc. v. County of RamseySupreme Court of Minnesota · 1998
- SCSC Corp. v. Allied Mutual Insurance Co.Supreme Court of Minnesota · 1995
- Blattner v. ForsterSupreme Court of Minnesota · 1982
- Gradjelick v. HanceSupreme Court of Minnesota · 2002
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3Cited by4 opinions
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- Glendalough Homeowners' Association v. Jovani Nassar, and third party v. Evermoor Community Association, third party Community Development, Inc., third party HOA Financial Services, LLC, third party McCombs, Frank, Roos Associates, third party Southview Design, Inc., third party City of Rosemount, third partyCourt of Appeals of Minnesota · 2015
- In the Matter of the Liquidation of Freestone Insurance CompanyCourt of Chancery of Delaware · 2014
- Stanek Holdco, Inc. v. Water Resources GroupDistrict Court, D. Colorado · 2020