Valley Bank of Nevada v. JER Management Corp.

OPINION

KLEINSCHMIDT, Judge.

This appeal is from a judgment in favor of plaintiff-appellee Valley Bank of Nevada (bank) in its action to recover on two checks on which defendants-appellants JER Maiiagement Corp. and Bill Blair had stopped payment. We affirm.

FACTS

The payee of the two checks in issue was Simone Nevada Productions, Inc., (SNP). SNP was incorporated on July 17, 1981. The minutes of SNP’s first meeting of its board of directors named one Joey Simone as president, secretary and treasurer. The bylaws adopted at that meeting stated that the treasurer would have custody of the…