Joffrion-Woods, Inc. v. St. James Bank & Trust Co.

The facts in this case are in substantial accord with the allegations of plaintiff’s petition, and appear at length in our opinion and decree reversing a judgment rendered upon the face of the papers, reported in 10 La. App. 658, 121 So. 378.

As intimated in that opinion, we believe that the case turns upon the interpretation to be given Act 86 of 1926. That act declares:

“That no State or National bank, located in this State, which shall receive for collection or deposit negotiable or non-negotiable paper or securities, payable elsewhere than at the place of its domicile and by it forwarded…