Detroit Trust Co. v. Pontiac Savings Bank - 237 U.S. 186 (1915)
U.S. Supreme Court
Detroit Trust Co. v. Pontiac Savings Bank, 237 U.S. 186 (1915)
Detroit Trust Co. v. Pontiac Savings Bank
Argued March 5, 1915
Decided April 5, 1915
237 U.S. 186
The law of Michigan, a it was in 1903, did not give to unsecured creditors of the mortgagor a lien upon the property covered by an unrecorded chattel mortgage, but merely a right to a lien requiring a proceeding of some kind for its fastening, and the right to such a lien was lost if the proceeding was not taken prior to the bankruptcy of the mortgagor.
196 F. 29, affirmed.
The facts, which involve the rights of creditors of a bankrupt as against those of the holder of an unrecorded chattel mortgage under the laws of the State of Michigan, are stated in the opinion.