M & M Leasing Corp. v. Seattle First National Bank

SNEED, Circuit Judge:

Appellees, Seattle First National Bank (Seafirst) and Peoples National Bank of Washington, are engaged in the leasing of motor vehicles and other personal property. Appellants, M & M Leasing Corporation, Goodway Leasing, Inc., Bill Pierre Leasing, Inc., and Budget Rent-a-Car of Washington-Oregon, Inc., are independent corporations engaged principally in motor vehicle leasing. Defendant-cross-appellant is the Comptroller of Currency of the United States.

Appellants, plaintiffs in the trial court, sought a declaration that the appellees’ leasing of motor vehicles and other…