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Martin v. Commercial National Bank, 245 U.S. 513 (1918)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Martin v. Commercial National Bank, 245 U.S. 513 (1918)
Martin v. Commercial National Bank of Macon, Georgia No. 100 Argued December 19, 20, 1917 Decided January 14, 1918 245 U.S. 513
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE FIFTH CIRCUIT
Syllabus
When the state law recognizes unrecorded chattel mortgages as valid between the parties, and merely postpones them to liens created and purchases made while they remain unrecorded (Georgia Code of 1910, 3260), delay of recordation until within four months before the initiation of bankruptcy proceedings against the mortgagor does not enable the trustee to assail such a mortgage as a preference as of the date of its recordation under § 60b of the Bankruptcy Act, as amended June 25, 1910, c. 412, 36 Stat. 838, 842, if he represents no lien on the property other than his lien under § 47a, arising subsequently.
Recordation is to be deemed "required" in the sense of the amendment when, through delay of it, a position superior to the challenged transfer has been gained, during the specified period, by some creditor whom the trustee represents or whose place he is entitled to take.
The mortgage in this case was given before the four months’ period began, as security for money presently loaned in good faith, and was recorded the day before the petition was filed, when the mortgagee knew of the mortgagor’s insolvency. Recordation was not fraudulently delayed, and, prior thereto, no other liens were filed upon the property.
228 F. 651 affirmed.
The case is stated in the opinion.
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Chicago: U.S. Supreme Court, "Syllabus," Martin v. Commercial National Bank, 245 U.S. 513 (1918) in 245 U.S. 513 245 U.S. 514. Original Sources, accessed November 24, 2024, http://originalsources.com/Document.aspx?DocID=9QAZXCL4LL1F5TL.
MLA: U.S. Supreme Court. "Syllabus." Martin v. Commercial National Bank, 245 U.S. 513 (1918), in 245 U.S. 513, page 245 U.S. 514. Original Sources. 24 Nov. 2024. http://originalsources.com/Document.aspx?DocID=9QAZXCL4LL1F5TL.
Harvard: U.S. Supreme Court, 'Syllabus' in Martin v. Commercial National Bank, 245 U.S. 513 (1918). cited in 1918, 245 U.S. 513, pp.245 U.S. 514. Original Sources, retrieved 24 November 2024, from http://originalsources.com/Document.aspx?DocID=9QAZXCL4LL1F5TL.
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