Branstetter v. Exchange Nat. Bank of Tulsa

This action was instituted in the district court of Tulsa county by defendant in error, a national banking institution, against plaintiff in error to recover on a promissory note. The parties will be referred to in the order of their appearance at the trial.

Defendant alleged that the note did not represent a loan of money, but arose out of a transaction whereby, the plaintiff purchased from him certain stock of another banking institution in violation of law, and was void. In this donnection it is charged that the note was given for the amount of the purchase price paid for the stock merely…