National Exchange Bank of Fond Du Lac v. Mann

The sole issue on this appeal is whether a transaction between National and Kilbourn gave a security interest in a motor vehicle which it could assert against the defendant, Donald L. Mann, who had previously bought and taken possession of the vehicle but. had not secured a title certificate.

The appellant contends that the purported acquisition of title by the defendant cannot be valid because there was no compliance with the provisions of sec. 342.15(3), Stats.

Sec. 342.15, Stats., provides in pertinent part:

“Transfer of interest in a vehicle. (1) If an owner transfers his interest in a…