Legal Opinion
Bank North v. Soule
Supreme Court of Minnesota
Decided March 18, 1988No. C1-87-0144PublishedCited by 8 opinions
1Opinion of the Court
KELLEY, Justice.
When a lender, as security for repayment of a loan, accepts a motor vehicle certificate of title which on its face names the borrower as the vehicle’s owner, does such lender have priority to the possession of the vehicle for the purpose of foreclosing on its security as against one, who prior to the time of the pledge, had purchased the vehicle, but who neither acquired the certificate of title nor had his interest memorialized on the certificate? The trial court denied the lender that claimed priority. A divided court of appeals affirmed. Bank North v. Soule, 409 N.W.2d 556…
2Cases cited12 opinions
- Guy Martin Buick, Inc. v. Colorado Springs National BankSupreme Court of Colorado · 1974
- Canal Insurance Co. v. WoodardCourt of Appeals of Georgia · 1970
- Frye v. AndersonSupreme Court of Minnesota · 1957
- Arneson v. Integrity Mutual Insurance Co.Supreme Court of Minnesota · 1984
- Welle v. ProzinskiSupreme Court of Minnesota · 1977
7 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- American National General Insurance Co. v. SolumSupreme Court of Minnesota · 2002
- Hampton Bank v. River City Yachts, Inc.Court of Appeals of Minnesota · 1995
- First National Bank of the North v. Automotive Finance Corp.Court of Appeals of Minnesota · 2003
- Auto-Owners Insurance Co. v. ForstromSupreme Court of Minnesota · 2004
- Carousel Automobiles, Inc. v. GheritySupreme Court of Minnesota · 1995
3 more not listed; retrieve them via the Exa API.