Legal Opinion
Citizens State Bank of Hayfield v. Leth
Court of Appeals of Minnesota
Decided January 23, 1990No. C0-89-1435PublishedCited by 38 opinions
1Opinion of the Court
OPINION
PARKER, Judge.
Erling Leth, a debtor of respondent Citizens Bank of Hayfield, appeals a trial court judgment voiding, as violative of the Uniform Fraudulent Transfer Act (UFTA), a transfer of his land to a family trust, thus causing the land to revert to Leth subject to a prior lien in favor of the bank. We affirm.
FACTS
In 1981 Erling Leth and two others started an alcohol conversion business called Zumbro Valley Alcohol and Feed Co., Inc. (Zumbro). Citizens Bank of Hayfield (bank) made loans to them of $450,000 and $100,000 in December 1981 and 1983 respectively, which were 90 percent…
2Cases cited7 opinions
- Gruenhagen v. LarsonSupreme Court of Minnesota · 1976
- Hilton v. NelsenSupreme Court of Minnesota · 1979
- State, Department of Public Welfare v. ThibertSupreme Court of Minnesota · 1979
- Barnard v. SeamanSupreme Court of Minnesota · 1926
- Hardwick v. HansenCourt of Appeals of Minnesota · 1985
2 more not listed; retrieve them via the Exa API.
3Cited by38 opinions
- United States v. Laverne Scherping Loren Scherping Jane Scherping Epsilon Company C.J.S. RanchCourt of Appeals for the Eighth Circuit · 1999
- In Re SholdanCourt of Appeals for the Eighth Circuit · 2000
- Leonard v. Mylex Corp. (In Re Northgate Computer Systems, Inc.)United States Bankruptcy Court, D. Minnesota · 1999
- Stoebner v. Ritchie Capital Management, L.L.C. (In re Polaroid Corp.)United States Bankruptcy Court, D. Minnesota · 2012
- Pedro v. PedroCourt of Appeals of Minnesota · 1992
33 more not listed; retrieve them via the Exa API.