Security National Bank & Trust Co. of Norman v. Richardson

CHARLES M. WILSON, Judge:

The question in this appeal is whether the holder of a security interest perfected under the certificate of title statute may replevin the automobile from a subsequent purchaser who acquired a clear title to the car by reassignment from a dealer in used cars. The dealer had acquired a clear certificate of title from the security holder’s obligor. The title was issued after a forged release of the security holder’s lien had been filed.

To enforce its security agreement, Security National Bank and Trust Company of Norman filed suit for possession of the automobile. The…