Merchants Rating & Adjusting Co. v. Skaug

We are urged by the parties, in giving our opinion in this matter, to answer a broad general question of obvious importance to all who buy, sell, or deal in motor vehicles or who make loans upon the security of motor vehicles or finance motor vehicle transactions. Is chapter 188, Laws of 1937, p. 782, Rem. Rev. Stat., Vol. 7A, § 6312-1 [P. C. § 2696-674, 2696-659] et seq., a title registration act enacted to establish a system something like the Torrens system of registration of land titles, or was it enacted merely to aid state officers in enforcing police regulations as to such vehicles?

It…