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CHRYSLER CREDIT CORP. v. STATE FARM MUT.

19876

263 S.C. 70 (1974)

207 S.E.2d 806

CHRYSLER CREDIT CORPORATION, Respondent v. STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY Appellant.

Supreme Court of South Carolina.

August 12, 1974.

Attorney(s) appearing for the Case

Messrs. Wyche, Burgess, Freeman & Parham, of Greenville, for Appellant.

Messrs. McDonald, Cox & Stilwell, of Greenville, for Respondent.

August 12, 1974.

LEWIS, Justice:

The question to be decided is whether the vesting of title to a mortgaged automobile in the lienholder, by operation of law, and the delivery of possession of the vehicle to him, because of default in the mortgage payments, constituted such a "change of interest or ownership" as required the lienholder to notify the insurer of the vehicle of such facts, within the meaning of the following...

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