OLYMPIA STATE BK. & TRUST CO. v. Craft

— May 5, 1955, H. J. Craft executed a chattel mortgage upon two automobiles (a 1952 Cadillac and a 1952 Nash *547belonging to the marital community of himself and Elizabeth Craft) to the Olympia State Bank and Trust Co. (hereinafter referred to as the bank) to secure a note in the sum of $2,309. The certificates of ownership to the two automobiles issued by the department of licenses were endorsed to show the bank as the legal owner, in compliance with RCW 46.12.170 (hereinafter referred to as the registration act), which provides:

“If, after a certificate of ownership is issued, a mortgage is…