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CREDIT GENERAL INS. CO. v. NATIONSBANK, N.A.

No. 01-2934.

299 F.3d 943 (2002)

CREDIT GENERAL INSURANCE COMPANY, Plaintiff/Appellee, v. NATIONSBANK, N.A. MIDWEST, Defendant/Appellant, NationsBank, N.A. Midwest, Third Party Plaintiff/Appellant, v. L & S General Contractors, LLC; Larry Mikels; and Ireneusz Kuligowski, Third Party Defendants/Appellees.

United States Court of Appeals, Eighth Circuit.

Filed: August 14, 2002.

Attorney(s) appearing for the Case

Taylor Fields, argued, Kansas City, MO, for appellant.

Bernard L. Balkin, argued, Kansas City, MO (Keith Witten, on the brief), for appellee.

Before BOWMAN, RILEY, and MELLOY, Circuit Judges.

RILEY, Circuit Judge.

L & S General Contractors, LLC (L & S) purchased an uncertified book-entry certificate of deposit (CD 005) in the principal amount of $100,000 from NationsBank, N.A. Midwest (NationsBank). L & S later assigned CD 005 to Credit General Insurance Company (Credit General) as collateral security for performance and payment bonds on a Howard Johnson construction project. Credit General forwarded to NationsBank a written notice of the assignment...

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