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FIRST BANK OF NORTH DAKOTA (N.A.) v. PILLSBURY CO.

No. 85-5434.

801 F.2d 1036 (1986)

FIRST BANK OF NORTH DAKOTA (N.A.) — JAMESTOWN, a national banking association, Appellant, v. The PILLSBURY COMPANY, a Delaware corporation, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided September 24, 1986.

Attorney(s) appearing for the Case

David A. Ranheim of Minneapolis, Minn., for appellant.

Richard D. Anderson of St. Paul, Minn., for appellee.

Before LAY, Chief Judge, HENLEY, Senior Circuit Judge, and STROM, District Judge.

LAY, Chief Judge.

First Bank of North Dakota (N.A.)-Jamestown (the Bank) brought this action against the Pillsbury Company (Pillsbury) for conversion of grain in which the Bank claimed a security interest. The district court1 granted summary judgment in favor of the Pillsbury Company and dismissed the Bank's claim. The Bank now appeals. We affirm.

I. Background

The Bank loaned large sums of money (in excess of $3,000...

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