DISCLAIMER: Any unofficial case summaries below are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
073948P.pdf 02/20/2009 ProGrowth Bank v. Wells Fargo Bank, etc.
U.S. Court of Appeals Case No: 07-3948
U.S. District Court for the District of Minnesota - Minneapolis
[PUBLISHED] [Bye, Author, with Wollman and Riley, Circuit Judges]
Civil Case - diversity. District court's grant of summary judgment to
ProGrowth Bank, Inc. in this declaratory judgment action to determine
priority of perfected security interests is reversed. Financing statement
that lists all of debtor's assets and all proceeds in certain annuity
contracts, but erroneously listed the contract number and entity issuing
that contract, judged in its entirely, was not seriously misleading, as it
gave sufficient notice of the subsequent creditor of need to inquire
further.