Legal Opinion
Atlanta IBM Employees Federal Credit Union v. Trust Co. Bank
Court of Appeals of Georgia
Decided June 7, 1979No. 57586PublishedCited by 3 opinions
1Opinion of the Court
Deen, Chief Judge.
On February 2, 1976, appellant credit union approved a loan to Linnie O. Norton, an IBM employee and member of the credit union, for $5,000 to purchase a used automobile. Norton in turn executed a promissory note and conveyed a purchase money security interest in the vehicle. Appellant drew its check for $5,000 on the First National Bank of Atlanta payable to Norton and Stewart Avenue Chrysler-Plymouth as joint payees. On February 3, 1976, however, Norton alone endorsed the check and deposited it in his checking account at Trust Company Bank. The check was subsequently…
2Cases cited3 opinions
- Insurance Co. of North America v. Atlas Supply Co.Court of Appeals of Georgia · 1970
- Trust Co. v. Refrigeration Supplies, Inc.Supreme Court of Georgia · 1978
- Phoenix Assur. Co. v. DavisNew Jersey Superior Court Appellate Division · 1974
3Cited by3 opinions
- Trust Co. Bank v. Atlanta IBM Employees Federal Credit UnionSupreme Court of Georgia · 1980
- FIRST NAT. BANK, ETC. v. Trust Co. of Cobb Cty.District Court, N.D. Georgia · 1981
- Atlanta IBM Employees Federal Credit Union v. Trust Co. BankCourt of Appeals of Georgia · 1980