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IN RE AM. LUMBER CO.

No. 4-79 Civil 407.

5 B.R. 470 (1980)

In re AMERICAN LUMBER COMPANY, a Minnesota corporation, Bankrupt. Edward W. BERGQUIST, Trust of the bankrupt estate of American Lumber Company, Plaintiff, v. FIRST NATIONAL BANK OF ST. PAUL, Defendant.

United States District Court, D. Minnesota, Fourth Division.

May 14, 1980.

Attorney(s) appearing for the Case

Jan Stuurmans, Stuurmans & Kelly, P.A., Minneapolis, Minn., for plaintiff.

Richard D. Donohoo, Maun, Green, Hayes, Simon, Murray & Johanneson, St. Paul, Minn., for defendant.

RENNER, District Judge.

The defendant First National Bank of St. Paul (hereinafter, the "Bank") appeals the decision of the Bankruptcy Court1 granting judgment in favor of plaintiff Edward Bergquist, the trustee in bankruptcy of American Lumber Company (hereinafter, the "bankrupt" or "ALC"), finding that the transfers of security interests in inventory and equipment by the bankrupt to the Bank constituted voidable preferences under section...

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