Shaw v. Nolen

Appellant banking commissioner sued W. O. Nolen, appellee, on a promissory note executed by appellee, dated August 1, 1927, for the sum of $1,200, payable to Yoa-kum State Bank six months after date, with 6 per cent, interest after date. It is alleged that the note was delivered to the Bankers’ Pinance Corporation of South Texas, which corporation delivered it to Yoakum State Bank and received from the bank $1,200 cash; that the charter of-Yoakum State Bank had expired; that a new corporation known as the Yoakum State Bank had been organized about August 9, 1927, and all of the assets of…