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EMPIRE ST. BK. v. ST. PAUL FIRE & MARINE

No. C0-88-2557.

441 N.W.2d 811 (1989)

EMPIRE STATE BANK OF COTTONWOOD, Appellant, v. ST. PAUL FIRE AND MARINE INSURANCE COMPANY, Respondent.

Court of Appeals of Minnesota.

June 6, 1989.

Attorney(s) appearing for the Case

Robert E. Boyle, Sharon L. Brenna, Larkin, Hoffman, Daly & Lindgren, Ltd., Bloomington, for appellant.

David H. Gregerson, Mark J. Johnson, Lang, Pauly & Gregerson, Ltd., Minneapolis, for respondent.

Heard, considered and decided by WOZNIAK, C.J., and FOLEY and NIERENGARTEN, JJ.

OPINION

FOLEY, Judge.

This appeal is from a summary judgment granted to respondent St. Paul Fire and Marine Insurance Company. The parties stipulated that there were no material issues of fact. The trial court concluded the cause of action involved neither a forgery nor a security and the definitions of the terms "forgery" and "security" contained in a bankers blanket bond were not ambiguous. Thus, the trial court concluded there

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