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BANK NORTH v. SOULE

No. C1-87-144.

409 N.W.2d 556 (1987)

The BANK NORTH, f.k.a. North Star Bank Minnesota, f.k.a. Crystal State Bank, Appellant, v. Greg Gerald SOULE, et al., Respondents.

Court of Appeals of Minnesota.

Review Granted September 30, 1987.

Attorney(s) appearing for the Case

Lawrence P. Marofsky, Minneapolis, for appellant Bank North.

George E. Antrim, Minneapolis, for respondent Tabata.

John S. Jackson, William J. Zwart, Minnesota Bankers Ass'n, Minneapolis, for amicus curiae Minnesota Bankers Ass'n.

Heard, considered and decided by RANDALL, P.J., and WOZNIAK and NIERENGARTEN, JJ.

OPINION

WOZNIAK, Judge.

In this appeal, appellant, The Bank North (Bank), contends the trial court erred by failing to recognize its security interest in a Corvette. We disagree and affirm.

FACTS

In September 1980, respondent Greg Soule sold his Chevrolet Corvette to respondent Bryan Tabata because he could no longer make the monthly General Motors Acceptance Corporation (GMAC) payments. Soule and Tabata had been friends since high school...

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