ASSOCIATES FINANCIAL SERVICES CO. v. FIRST NAT. BANK

Docket No. 77-953.

82 Mich. App. 495 (1978)

266 N.W.2d 490

ASSOCIATES FINANCIAL SERVICES COMPANY, INC. v. FIRST NATIONAL BANK OF SOUTH CENTRAL MICHIGAN

Michigan Court of Appeals.

Decided April 6, 1978.


Attorney(s) appearing for the Case

VanHattum, Hickman, Timmers & Kozera (by Walter L. Harrison), for plaintiff.

Dresser, Marks & Svendsen, for defendant.

Before: DANHOF, C.J., and M.J. KELLY and T.M. BURNS, JJ.


PER CURIAM.

This case involves a dispute between holders of security agreements covering a bulldozer. The First National Bank of South Central Michigan (hereafter the bank) seized the bulldozer and sold it after a default in the loan given by it. Upon learning of the sale, Associates Financial Services Company, Inc. (hereafter Associates) sued in the district court for conversion, claiming that it had a valid prior security interest and was therefore entitled to the...

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