Stanley Bank v. Parish

The opinion of the court was delivered by

Moritz, J.:

This court granted review in this case to consider, as a matter of first impression, whether the purchaser of a vehicle who obtained a paper certificate of title from the Kansas Department of Revenue showing no existing liens could take the vehicle free of a bank’s properly perfected purchase money security interest in the vehicle which was recorded in the Kansas Department of Revenue’s digital records and noted on an electronic certificate of title issued in the name of the original purchasers. We conclude the Court of Appeals panel…