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Lionheart Legend Inc. v. Norwest Bank Minn. Nat'l Assoc.

A security interest from an individual to her corporation pledging certain real property in exchange for a $3 million promissory note was a nullity because the individual had previously transferred title to the property to the corporation via an unrecorded quitclaim deed.

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Norwest Bank sued Jacqueline Fowler and Lionheart Legend to set aside an allegedly fraudulent security deed.1 Norwest Bank moved for partial summary judgment, and the trial court granted the motion. Lionheart Legend appeals, and for reasons that follow, we affirm.

A trial court properly grants summary judgment “when there is no genuine issue of material fact and the movant is entitled to judgment as a matter of law.”2 In reviewing a trial court’s grant of summary judgment, “we apply a de novo standard of appellate review and view the evidence, and all reasonable conclusions and inferences drawn from it, in the light most favorable to the nonmovant.”3

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