State v. Industrial Credit Co.

Otis, Justice.

The State of Minnesota brings these proceedings to collect from a *405chattel mortgagee personal property taxes on heavy-duty road equipment owned by the mortgagor on the date the tax was assessed. The trial court held on the authority of State v. J. P. Sinna and Sons, Inc. 271 Minn. 430, 136 N. W. (2d) 666, that the mortgagee was liable. This appeal is from the judgment in favor of the state.

The facts are not in dispute. On May 1, 1962, the State of Minnesota assessed a personal property tax in the sum of $1,881.40 against J. P. Sinna and Sons, Inc., hereinafter referred to as…