Legal Opinion
Nate Leasing Co., Inc. v. Wiggins
Washington Supreme Court
Decided April 12, 1990No. 55728-4PublishedCited by 7 opinions
1Opinion of the CourtDurham, J.
— The present case tests the exclusivity of the Ship Mortgage Act, 1920, 46 U.S.C §§ 911-984, which grants preferred status to ship mortgages perfected under the act.- The trial court dismissed plaintiff's action on summary judgment and declared a deficiency unavailable. It ruled that the Ship Mortgage Act is not exclusive, and that federal law, rather than state law, governs the nonjudicial foreclosure of a preferred ship's mortgage. We hold that the Ship Mortgage Act is the exclusive remedy for foreclosure of a preferred ship mortgage, and that federal common law governs the recovery of a…
2Cases cited11 opinions
- Detroit Trust Co. v. the Thomas BarlumSupreme Court of the United States · 1934
- J. Ray McDermott & Co. v. Vessel Morning StarCourt of Appeals for the Fifth Circuit · 1972
- The Reedsburg Bank v. Apollo v. Herbert R. Nicholls and Joan S. Nicholls, Proposed Intervenors-AppellantsCourt of Appeals for the Seventh Circuit · 1975
- Brown v. BakerAlaska Supreme Court · 1984
- Seattle-First National Bank v. Bluewater PartnershipCourt of Appeals for the Ninth Circuit · 1985
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3Cited by7 opinions
- Scott Fetzer Co. v. WeeksWashington Supreme Court · 1993
- Dietrich v. Key Bank, N. A.Court of Appeals for the Eleventh Circuit · 1996
- First Federal Savings F.S.B. v. M/Y Sweet RetreatDistrict Court, D. Rhode Island · 1994
- Maryland National Bank v. DarovecDistrict Court, N.D. Illinois · 1993
- Billy J. Bringman v. New Albertsons, Inc.Idaho Supreme Court · 2014
2 more not listed; retrieve them via the Exa API.