IN RE KNUDSON

No. 90-5122ND.

929 F.2d 1280 (1991)

In re Goldine G. KNUDSON and Duane A. Knudson, d/b/a Goldie's Furniture, Debtors. Phillip D. ARMSTRONG, Trustee of the Estate of Goldine G. Knudson and Duane A. Knudson, d/b/a Goldie's Furniture, Appellant, v. DAKOTA BANK AND TRUST COMPANY, BISMARCK, NORTH DAKOTA, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided April 5, 1991.


Attorney(s) appearing for the Case

Phillip D. Armstrong, Minot, N.D., for appellant.

Malcolm H. Brown, Mandan, N.D., for appellee.

Before McMILLIAN and GIBSON, Circuit Judges, and ARNOLD, District Judge.


MORRIS SHEPPARD ARNOLD, District Judge.

For several years, Duane and Goldine Knudson operated three furniture stores in North Dakota under the name "Goldie's Furniture." In January, 1984, they incorporated under that name. In May, 1984, the Knudsons opened a checking account in the name of "Goldie's Furniture, Inc.," with the Dakota Bank and Trust Company of Bismarck, North Dakota. In doing so, they signed a setoff agreement...

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