Fentress v. City National Bank

This is the second appeal in this case. When the case was in this court on appeal first (City Nat. Bank v. Baum, 166 Ark. 18, 265 S. W. 648), this court held that the note was void, and a recovery could not be had unless the bank was an innocent holder thereof. The court stated: “It follows therefore, from the

decision in the Handle case, supra, that the payee in a note executed in violation of the Blue Sky Law cannot recover; but it also follows, from the case of German Bank v. DeShon, supra, that the right to recover on such a note will not be denied an innocent holder because the Blue Sky…