Legal Opinion
Ciccarelli v. Guaranty Bank
Colorado Court of Appeals
Decided March 25, 2004No. 02CA2335PublishedCited by 6 opinions
1Opinion of the Court
Opinion by
Judge RUSSELL.
In this fraudulent transfer and unjust enrichment action, defendant, Guaranty Bank, appeals the judgment in favor of plaintiffs, Victor and Barbara Ciccarelli. We reverse and remand.
In 1996, Chance Northern, LLC owned 99% of both Chance I Bingo, LLC, and Chance II Bingo, LLC. Chanee Northern had no other assets and existed solely as a holding company.
In April 1996, Guaranty Bank made a $250,000 loan to Chanee Northern. Chance I and Chanee II were not borrowers or guarantors on the loan, but they received the benefit of the proceeds: $170,000 funded Chanee I's…
2Cases cited11 opinions
- DCB Construction Co. v. Central City Development Co.Supreme Court of Colorado · 1998
- Interbank Investments, L.L.C. v. Vail Valley Consolidated Water DistrictColorado Court of Appeals · 2000
- Scott Co. of California v. MK-Ferguson Co.Colorado Court of Appeals · 1991
- Zubrod v. Kelsey (In Re Kelsey)Bankruptcy Appellate Panel of the Tenth Circuit · 2001
- Weed v. Monfort Feed Lots, Inc.Supreme Court of Colorado · 1965
6 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Lewis v. LewisSupreme Court of Colorado · 2008
- Sender v. MannDistrict Court, D. Colorado · 2006
- Redd Iron, Inc. v. International Sales & Services Corp.Colorado Court of Appeals · 2008
- Krol v. Unglaub (In Re Unglaub)United States Bankruptcy Court, N.D. Illinois · 2005
- Lockuk v. StateCourt of Appeals of Alaska · 2007
1 more not listed; retrieve them via the Exa API.