Trust Investment & Development Co. v. First Georgia Bank

Hill, Justice.

In a suit on a promissory note, the First Georgia Bank, holder of the note and the grantee of property in a deed to secure the note, obtained summary judgment against the Trust Investment & Development Co., Inc., as maker, and against Charles C. Wilson, as surety, in the amount of $60,000 principal, plus interest, attorney fees and court costs. A special lien was granted against the property described in the security deed.

The appellants contend that allowing judgment on a note secured by deed to secure debt is improper because it permits avoidance of the statutory requirement…