Legal Opinion
National City Bank of Minneapolis v. St. Paul Fire & Marine Insurance Co.
Supreme Court of Minnesota
Decided November 3, 1989No. C6-88-1378PublishedCited by 51 opinions
1Opinion of the Court
OPINION
POPOVICH, Chief Justice.
As a result of the acceptance by respondent National City Bank of Minneapolis (“National City”) of two fake stock certificates as collateral for a loan, the bank sought indemnification, following default by the borrower, under its Bankers Blanket Bond (“Bond”) from appellant St. Paul Fire & Marine Insurance Company (“SPF & MI”). Appellant denied coverage under the Bond because the fake stock certificates were not “counterfeited” and because respondent failed to comply with the condition precedent requiring actual physical possession of the certificates before…
2Cases cited31 opinions
- United States v. Citizens & Southern National BankSupreme Court of the United States · 1975
- Iowa Kemper Insurance Co. v. StoneSupreme Court of Minnesota · 1978
- Associated Independent Dealers, Inc. v. Mutual Service Insurance CompaniesSupreme Court of Minnesota · 1975
- Calcasieu-Marine National Bank of Lake Charles v. American Employers' Insurance Co., Louisiana Bank & Trust Co., Cross v. The Employers Liability Assurance Corp., CrossCourt of Appeals for the Fifth Circuit · 1976
- Carl Bolander & Sons Inc. v. United Stockyards Corp.Supreme Court of Minnesota · 1974
26 more not listed; retrieve them via the Exa API.
3Cited by51 opinions
- Meister v. Western National Mutual InsuranceSupreme Court of Minnesota · 1992
- Hickman v. SAFECO Insurance Co. of AmericaSupreme Court of Minnesota · 2005
- Metropolitan Sports Facilities Commission v. General Mills, Inc.Supreme Court of Minnesota · 1991
- First National Bank of Manitowoc, Plaintiff-Appellee/cross-Appellant v. Cincinnati Insurance Company, Defendant-Appellant/cross-AppelleeCourt of Appeals for the First Circuit · 2007
- Murray v. Greenwich InsuranceCourt of Appeals for the Eighth Circuit · 2008
46 more not listed; retrieve them via the Exa API.