Legal Opinion
Case Credit Corp. v. Portales National Bank
New Mexico Supreme Court
Decided October 6, 1998No. 24361PublishedCited by 10 opinions
1Opinion of the Court
OPINION
FRANCHINI, C.J.
{1} This is a secured transactions case. We address a single issue: whether the proceeds of an unauthorized sale of a tractor, in which Petitioner Case Credit Corporation (Case) held a prior security interest, were converted by Respondent Portales National Bank (Bank), which held a junior lien in the same tractor, when the Bank, having come into ownership of the proceeds as payee on the check, disbursed the money to a third party (the debtor). The trial court’s ruling that there was no conversion was affirmed by the Court of Appeals in an unpublished opinion. We hold…
2Cases cited5 opinions
- Harley-Davidson Motor Co., Inc., and Itt Commercial Finance Corp. v. Bank of New England--Old Colony, N.A.Court of Appeals for the First Circuit · 1990
- State Ex Rel. State Highway Commission v. PelletierNew Mexico Supreme Court · 1966
- Bank of Danville v. Farmers National Bank of DanvilleKentucky Supreme Court · 1980
- AAA Auto Sales & Rental, Inc. v. Security Federal Savings & Loan Ass'nNew Mexico Court of Appeals · 1992
- Apodaca v. Unknown Heirs of the Following Persons Who Are Adjudged to Be Owners & Proprietors of the Tome Land GrantNew Mexico Supreme Court · 1982
3Cited by10 opinions
- Isaac v. CrichlowSuperior Court of The Virgin Islands · 2015
- Muncey v. Eyeglass World, LLCNew Mexico Court of Appeals · 2012
- AG New Mexico, FCS, ACA v. Borges (In re Borges)United States Bankruptcy Court, D. New Mexico · 2012
- Billsie v. BrooksbankDistrict Court, D. New Mexico · 2007
- Case Credit Corp. v. Portales National BankNew Mexico Supreme Court · 1998
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