Dart National Bank v. Mid-States Corp.

The case before us involves an interpretation of the uniform trust receipts act. 1 The plaintiff, Dart National Bank of Mason, Michigan, sought possession, in a replevin action, of a certain house trailer, title to which it believed it held under an assignment of a conditional sales contract.

Defendant Mid-States Corporation, an Illinois corporation, owns some 7 trailer plants throughout the United States. Two of its subsidiary corporations are the Farmers & Merchants Investment Company, organized for the financing of the mobile homes manufactured by the parent’s various plants, and Star…