BANK OF ALAMANCE v. ISLEY

No. 8415SC739.

328 S.E.2d 867 (1985)

BANK OF ALAMANCE v. William Lee ISLEY, Sr. and James Sammy Kernodle.

Court of Appeals of North Carolina.

May 7, 1985.


Attorney(s) appearing for the Case

Craig T. Thompson, Graham, for plaintiff appellant.

Holt, Spencer, Longest & Wall by Frank A. Longest, Jr., Burlington, for defendant appellee.


MARTIN, Judge.

Plaintiff's contentions on appeal challenge the trial court's findings of fact and conclusions of law which determine that defendant Kernodle has superior right and title to the automobile in his possession over the plaintiff bank. As such, the sole question presented by this appeal is one of priority of claims. Because a late-perfected security interest is not retroactively valid against an innocent third party who acquired the automobile for value...

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