Smith v. First National Bank

1. Where, in a suit by a national bank upon apromissory note

against the maker and indorser, the latter pleaded that the bank had allowed the maker to sell and transfer certain stock in the bank, upon which the bank had alien “under the laws governing national banks,” without first requiring the payment of the note, and that the consequent increase in the risk of the surety had operated to release him, it was not error to strike such plea for the reason that the bank, organized under the national-bank act, had and could have no such lien upon the stock of its shareholder. Bank v. Lanier, 11…