Grandview State Bank v. Torrance

— This is an action to determine the relative rights, as chattel mortgagees, of respondent Grandview State Bank and appellant Commercial & Savings Bank in a quantity of hay raised by respondents Torrance in 1920. The hay was sold by agreement and the proceeds deposited with the clerk, to be paid in accordance with the decree. Appellants’ claim is based on a chattel mortgage given in November, 1919, by respondents Torrance to one Mendiola, and by him assigned for value to the appellant bank. That bank failed and the individual appellants are its trustees. The respondent Grandview State Bank…