Legal Opinion
Bank South, N.A. v. Midstates Group, Inc.
Court of Appeals of Georgia
Decided November 20, 1987No. 75004PublishedCited by 9 opinions
1Opinion of the Court
Carley, Judge.
David Williams was the president of Air Carrier Express Services, Inc. (ACES). He was also the president and the treasurer of appellee-plaintiff The Midstates Group, Inc. (Midstates). Williams, in his capacity as president of ACES, sought to obtain a loan from appellant-defendant Bank South, N.A. (the Bank). The purpose of the loan was to enable ACES to purchase an airplane. The Bank informed Williams that it would require additional collateral in the amount of $200,000 as well as a security interest in the airplane. Williams advised the Bank that Midstates would provide any…
2Cases cited6 opinions
- First National Bank & Trust Co. v. SmithloffCourt of Appeals of Georgia · 1969
- Bank South v. Grand Lodge of Free & Accepted MasonsCourt of Appeals of Georgia · 1985
- Federal Deposit Ins. Corp. v. WestSupreme Court of Georgia · 1979
- Stubbs v. Fourth National BankCourt of Appeals of Georgia · 1913
- Massell v. Fourth National BankCourt of Appeals of Georgia · 1928
1 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Willey v. MayerSupreme Court of Colorado · 1994
- Citizens Bank v. Maryland Industrial Finishing Co.Court of Appeals of Maryland · 1995
- Kuhn v. TumminelliNew Jersey Superior Court Appellate Division · 2004
- Holliday Construction Co. v. Sandy Springs Associates, Inc.Court of Appeals of Georgia · 1990
- Southtrust Bank of Georgia v. ParkerCourt of Appeals of Georgia · 1997
4 more not listed; retrieve them via the Exa API.