Leech v National Bank of New Zealand - [1996] 3 NZLR 707

Bankers and banking — Duty of care — Instrument by way of security over stock — Default by granter — Repossession of stock by grantee bank — Whether bank as equitable mortgagee had same obligations as legal mortgagee in possession — Whether bank owed duty of care to granter — Chattels Transfer Act 1924, Fourth Schedule, cls 5 and 7.