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NATIONAL CORP. FOR HOUSING v. LIBERTY STATE BANK

Nos. 87-5095, 87-5096.

836 F.2d 433 (1988)

NATIONAL CORPORATION FOR HOUSING PARTNERSHIP, federal equity receiver of the Cedar Square West Housing Project on appointment by The Honorable Robert G. Renner, U.S. District Court Judge, in Civil Files 3-84-1097 and 3-85-421, Appellee, v. LIBERTY STATE BANK, Stage I Land Company, F Building Land Company and Keith Heller, Appellants.

United States Court of Appeals, Eighth Circuit.

Decided January 7, 1988.

Attorney(s) appearing for the Case

Ronald L. Snelling, Edina, Minn., and Louis W. Brenner, Minneapolis, Minn., for appellants.

Eric J. Magnuson, Minneapolis, Minn., for appellee.

Before McMILLIAN, Circuit Judge, HENLEY, Senior Circuit Judge, and JOHN R. GIBSON, Circuit Judge.

JOHN R. GIBSON, Circuit Judge.

National Corporation for Housing Partnership brought this suit as receiver for the Cedar Square West Housing Project to recover security deposits belonging to the housing project tenants. The security deposits had been commingled with the project's operating funds by the Cedar Square West owners, Stage I and F Building Land Company, and general partner of their general partner, Keith Heller (these three parties will be referred to collectively...

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