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MICHIGAN NAT. BANK v. LIVESTOCK EX.

Docket No. 92221.

165 Mich. App. 243 (1987)

418 N.W.2d 663

MICHIGAN NATIONAL BANK OF DETROIT v. MICHIGAN LIVESTOCK EXCHANGE

Michigan Court of Appeals.

Decided October 13, 1987.

Attorney(s) appearing for the Case

David J. Vigna, for plaintiff.

Collison, Chasnis, Dogger & Grierson, P.C. (by John A. Chasnis and Joseph T. Collison), for defendant.

Before: DANHOF, C.J., and MacKENZIE and J.P. SWALLOW, JJ.

PER CURIAM.

Defendant, Michigan Livestock Exchange, appeals by leave granted from an order granting partial summary disposition in favor of plaintiff, Michigan National Bank of Detroit. The Tuscola Circuit Court held that the exchange, which had auctioned off livestock in which the bank held a security interest, was liable to the bank for conversion. The circuit court reached this conclusion despite the fact that the exchange had no knowledge of the bank's security...

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