NBD-Sandusky Bank v. Ritter

This appeal involves a dispute over the priority of conflicting security interests held by NBD-Sandusky Bank and John Deere Company in the same collateral. Resolution is governed by the Uniform Commercial Code. MCL 440.1101 et seq.; MSA 19.1101 et seq.

The Court of Appeals held that John Deere’s purchase money security interest in certain farm equipment did not attach and therefore was not perfected until over twenty days after Sam Ritter, the debtor, took possession of the equipment. 179 Mich App 580; 446 NW2d 340 (1989). Thus, since John Deere’s perfected security interest failed to qualify…