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PONTCHARTRAIN STATE BANK v. POULSON

No. 80-1722.

684 F.2d 704 (1982)

PONTCHARTRAIN STATE BANK, A Louisiana State Bank, Plaintiff-Appellant, v. Ed POULSON, Individually and Poulson Dozer & Blade, Inc., An Oklahoma Corporation, Defendants-Appellees.

United States Court of Appeals, Tenth Circuit.

August 4, 1982.

Attorney(s) appearing for the Case

Deno J. Argentos of Shdeed, Hartmann & Argentos, Oklahoma City, Okl., for plaintiff-appellant.

James R. West and Claude S. Woody, Jr. of West, Speck & Findeiss, Oklahoma City, Okl., for defendants-appellees.

Before BARRETT, DOYLE and LOGAN, Circuit Judges.

BARRETT, Circuit Judge.

Pontchartrain State Bank (Bank) appeals from a judgment dismissing its action for conversion brought in the district court based upon diversity jurisdiction against Poulson Dozer and Blade, Inc. (Dozer, Inc.) and Ed Poulson individually.

Early in March 1976, Saul Siegel, treasurer of D & D Mining Corporation (D & D) negotiated, on behalf of D & D, a $100,000 loan with Bank. On March 2, a financing statement was filed in...

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