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NAT. CITY BANK v. ST. PAUL FIRE & MARINE

No. C6-88-1378.

435 N.W.2d 57 (1989)

NATIONAL CITY BANK OF MINNEAPOLIS, Appellant, v. ST. PAUL FIRE AND MARINE INSURANCE COMPANY, Respondent.

Court of Appeals of Minnesota.

Review Granted March 17, 1989.

Attorney(s) appearing for the Case

John H. Daniels, Jr., Robert R. Nardi, Willeke & Daniels, Minneapolis, for appellant.

Roderick D. Blanchard, Galen L. Bruer, Meagher, Geer, Markham, Anderson, Adamson, Flaskamp & Brennan, Minneapolis, for respondent.

Heard, considered and decided by PARKER, P.J., and FOLEY and RANDALL, JJ.

OPINION

FOLEY, Judge.

National City Bank appeals from the April 6, 1988 declaratory judgment dismissing with prejudice its claim against respondent St. Paul Fire and Marine Insurance Company for indemnification under a bankers blanket bond. National City's claim arises as a result of loss incurred from a loan default secured by fake stock certificates. St. Paul noticed review on that portion of the trial court's judgment holding the condition precedent,...

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