MERCHANTS NAT. BANK v. TRANSAMERICA INS.

No. C6-86-1912.

408 N.W.2d 651 (1987)

The MERCHANTS NATIONAL BANK OF WINONA, Appellant, v. TRANSAMERICA INSURANCE COMPANY, Respondent.

Court of Appeals of Minnesota.

Review Denied September 30, 1987.


Attorney(s) appearing for the Case

Wayne E. Pflughoeft, Winona, for appellant.

Janey L. Gohl, Roderick D. Blanchard, Minneapolis, for respondent.

Heard, considered and decided by CRIPPEN, P.J., and LESLIE and STONE, JJ.


OPINION

CRIPPEN, Judge.

In this declaratory judgment action, appellant The Merchants National Bank of Winona challenges the trial court's determination that fictitious construction contracts containing forged signatures, which were assigned to the bank as a condition of obtaining loans, are neither "evidence of debt" nor "security agreements" as defined by an insurance policy issued to the bank by respondent Transamerica Insurance Company. We affirm.

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