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IN RE ROLAIN

No. 86-5382.

823 F.2d 198 (1987)

In re Paul V. ROLAIN, Debtor. NORWEST BANK ST. PAUL, N.A., Plaintiff-Appellee, v. Edward W. BERGQUIST, Trustee of the Estate of Paul V. Rolain, Defendant-Appellant.

United States Court of Appeals, Eighth Circuit.

Decided June 26, 1987.

Attorney(s) appearing for the Case

Mark P. Wine, Minneapolis, Minn., for defendant-appellant.

Shannon M. O'Toole, St. Paul, Minn., for plaintiff-appellee.

Before ARNOLD, JOHN R. GIBSON, and WRIGHT, Circuit Judges.

EUGENE A. WRIGHT, Circuit Judge.

We are asked to apply Minnesota law in this appeal arising from bankruptcy proceedings. The trustee in bankruptcy contends that the creditor bank has no perfected security interest in a negotiable instrument entrusted by the bank to an attorney agent. We find that there was a perfected security interest and affirm the judgment of the district court.

Norwest Bank loaned $163,000 to Rolain and a corporation of which he was president...

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