Paulk v. Union Banking Co.

M. L. Paulk brought suit against the Union Banking Company, alleging that on December 11, 1930, he deposited in the defendant’s bank a draft for $1010.62, drawn on the Mountain City Mills Company of Chattanooga, Tenn., for collection; that on December 19 the Union Banking Company closed its doors and was taken over by the State superintendent of banks; that on December 19 the draft was paid and remitted to the Union Banking Company; that after the bank had closed its doors it credited the amount of the draft to petitioner’s account without his knowledge or consent; that petitioner filed his…