First National Bank v. Carter
First National Bank v. Carter
Opinion of the Court
The opinion of the court was delivered by
Plaintiff brought this action to recover possession of certain personal property of the defendant which had been seized by him as sheriff under writs of attachment issued against the property of one David E. Dunbar. Said Dunbar had been carrying on a grocery business at Aberdeen, and had become indebted to various parties, among whom were the plaintiffs in the suits wherein said writs of attachment were issued and the plaintiff in this action. The plaintiff had loaned money to said Dunbar at various times while he was conducting said business, with the understanding that Dunbar would give the bank secuiity therefor whenever called upon to do so. The plaintiff’s rights in this action are based upon a chattel mortgage given by Dunbar to secure said indebtedness. This mortgage was
We are of the opinion that if Hays, the plaintiff’s cashier, upon receiving the mortgage, did go to the store, and announce to the clerks and such other persons as were present that he had taken possession thereof for the plaintiff under the mortgage, and put one of the clerks in charge of said property temporarily, while he proceeded with diligence to place the mortgage upon record, and if, when the officer appeared, and announced his intention of taking the goods under the writs of attachment against Dunbar, he Avas then and there informed that said property Avas in the
For these reasons the judgment of the superior court must be reversed, and the cause remanded.
Dunbar, C. J., and Stiles, Anders and Hoyt, JJ., concur.
Reference
- Full Case Name
- First National Bank of Aberdeen v. H. H. Carter
- Cited By
- 1 case
- Status
- Published
- Syllabus
- CHATTEL MORTGAGES —POSSESSION OE MORTGAGEE — ATTACHMENT BY OTHER CREDITORS — PRIORITIES. Where a chattel mortgage on a stock of goods is given to a bona fide creditor, who immediately takes possession, and, placing an agent in charge thereof, proceeds to the county seat to file the mortgage for record, the levy of an attachment, subsequent to the execution of the mortgage, but prior to its filing for record, will not give the attaching creditor any prior rights, although he may have had no notice of the mortgage until the sheriff was notified at the time of making the levy.